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Opening Glance: Most diversified financials fall



By AP
10 July 2008 @ 10:32 am EST

Most diversified financial-services stocks declined Thursday morning, despite a broader market upturn following better-than-expected June sales results and news of Dow Chemical Co.'s planned $15 billion acquisition of Rohm and Haas Co.

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Quotes
DOW 26.09 1.69
FNM 1.13 0.05
FRE 1.33 0.17
C 15.75 1.64
JPM 41.99 0.35
CIT 4.58 -0.06
BAC 22.79 1.92

SYMBOL LOOKUP

But not all the news was good. Mortgage finance companies Fannie Mae and Freddie Mac fell sharply because of continued capital concerns. Also, oil rose 90 cents to $136.95 a barrel.

How shares of some key diversified financial companies were faring Thursday morning:

Citigroup Inc., down 16 cents to $16.28.

JPMorgan Chase & Co., down 6 cents to $34.22.

CIT Group Inc., down 10 cents to $7.61.

Bank of America Corp., down 6 cents to $22.

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 This material may not be published, broadcast, rewritten or redistributed.

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