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IPFS News Link • Economy - Economics USA

S&P erases gains for year as mortgage lender sinks

8-15-2007 • Reuters

U.S. stocks fell sharply, wiping out the year's gains for the benchmark S&P 500, after Countrywide Financial shares plunged on a brokerage downgrade and rumors it was having trouble raising money. The clouds enveloping the No. 1 U.S. mortgage len

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Reported By Powell Gammill

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