Tuesday, May 8, 2007

U.S. Stocks Fall for First Time in Six Days on Consumer Spending Concern

(Bloomberg) -- U.S. stocks dropped for the first time in six days after forecasts for lower home prices and retail sales heightened concern the consumer is faltering.

Circuit City Stores Inc. sank to the lowest in more than a year and Limited Brands Inc. slid after an industry group said sales at U.S. retailers probably declined for the first time in four years. Home Depot Inc. and Lowe's Cos., the two biggest home improvement retailers, retreated after the National Association of Realtors said housing prices are falling more than projected.


Read more at Bloomberg Stocks News

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