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Opening Glance: Diversified financials decline



13 May 2008 @ 10:22 am EST

NEW YORK (AP) - Diversified financial-services companies' shares pulled back Tuesday morning after the Commerce Department said retail sales fell in April and business inventories increased by the smallest amount in a year, two signs of a weakening economy.

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Quotes
C 17.39 0.99
BAC 23.54 2.01
CIT 8.51 0.82
JPM 35.77 1.73

SYMBOL LOOKUP

Also Tuesday, Bernanke said during a speech that financial market turmoil has eased somewhat, but the situation is still "far from normal."

How some diversified financial companies' shares were performing Tuesday morning:

Citigroup Inc., down 5 cents to $23.59.

Bank of America Corp., down 30 cents to $37.14.

CIT Group Inc., down 8 cents to $11.92.

JPMorgan Chase & Co., down 74 cents to $46.50.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Comments
1.
October
19th, 2007
10:51pm

They need to go home . all of them. I wish we could have a vote to kick them out of this country

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