Late Slide Leaves Stocks in the Red
Major U.S. stock indexes finished lower on Wednesday, giving back earlier gains as selling accelerated into the close. Persistent concerns about further bank woes, on writedowns by Bear Stearns Cos. (BSC) and HSBC Holdings (HBC), apparently trumped initial positive reactions to a raft of better-than-expected economic numbers. A rebound in oil prices was also likely partly to blame.
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