(Reuters) - U.S. stocks fell on Thursday as rising bond yields fueled concern about higher borrowing costs, offsetting earlier optimism about a $20 billion buyout of Hilton Hotels Corp.
General Motors Corp. dragged on the Dow. The largest U.S. automaker's shares fell in reaction to a steeper-than-expected drop in U.S. sales in June. On Thursday, Bear Stearns cut its recommendation on General Motors' stock.
Read more at Reuters Africa
General Motors Corp. dragged on the Dow. The largest U.S. automaker's shares fell in reaction to a steeper-than-expected drop in U.S. sales in June. On Thursday, Bear Stearns cut its recommendation on General Motors' stock.
Read more at Reuters Africa
No comments:
Post a Comment