Thursday, 05 July 2007

Most U.S. Stocks Decline as Bond Yields Advance; Bank Shares Lead Retreat

(Bloomberg) -- Most U.S. stocks fell for the
first time this week, led by financial shares, after a rise in
Treasury yields spurred concern bonds will become a more
attractive investment than equities.

Citigroup Inc., JPMorgan Chase & Co. and American Express
Co. led the decline in the Dow Jones Industrial Average
following yesterday's market holiday. A rally in Apple Inc.
boosted computer-related stocks and sent the Nasdaq Composite
Index to a six-year high.


Read more at Bloomberg Stocks News

No comments: