S&P 500 Leaders & Laggards: FRE QLGC (AP) |
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The Standard & Poor's 500 Index declined on Wednesday, as the broader market fell sharply on renewed concerns about the health of the financial sector. Shares of Freddie Mac and Fannie Mae recorded the largest declines on the index amid continuing concerns the government sponsored mortgage finance companies might have to sell more shares to raise funds to cover losses related to the housing market turmoil. finance_yahoo, 09 July 2008, 21:09 |