Thursday, July 26, 2007

Stocks drop on housing, oil, credit jitters

(Reuters) - News of a disappointing quarterly profit from Exxon Mobil Corp. weighed on the energy sector and wiped out more than $16 billion in the company's market value as the stock slid more than 3 percent.




Financial shares were also among the biggest losers, with JPMorgan Chase & Co off more than 2 percent and Citigroup Inc down 2.3 percent.


Read more at Reuters.com Business News

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