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HSBC Drags Financial Stocks |
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Author: Elena Todorova
123jump.com
Last Update: 10:15 AM EST February 08 2007
U.S. stock markets started trading lower on Thursday, dragged by mixed January same-store sales and a warning from HSBC Holdings on the U.S. sub-prime lending market. Financial stocks declined, with JP Morgan Chase & Co, Citigroup Inc. and American Express each falling about 1%. Wal-Mart also weighed on the Dow, losing 0.5%, despite stronger-than-expected January same-store sales. |
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