Author: 123jump.com Staff
123jump.com
Last Update: 5:06 PM EDT April 29 2008
U.S. stocks fell ahead of rate decision, a decline in consumer confidence and falling home prices. Home prices in February fell 12.7% after falling 10.7% in January. Consumer confidence in April fell on rising commodities and food prices and falling home values. On the earnings front MasterCard surged 13% and Visa increased 7% after they reported surge in earnings. Countrywide Financial reported first quarter loss but loan origination and deposit base rose. Brazil stocks fell 2.8%.
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