Author: 123jump.com Staff
123jump.com
Last Update: 5:35 PM EST February 14 2008
U.S. stocks reversed their earlier gains and declined after cautionary comments from the Fed Chairman Bernanke. He suggested that economy may be sluggish in the near term and banking and housing sectors may face more difficulties. Technology, financials, and brokerage stocks declined. International traded deficit in 2007 fell on rising exports. Trade deficit declined to 5.1% of economy from 5.7% in 2006.
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