Wall Street Has a Bad Day as Investors Take Profits From Tuesday's Rally
NEW YORK (AP) -- Stocks pulled back Wednesday as investors cashed in gains a day after the market's huge rally and digested better-than-expected results at Morgan Stanley that eased concerns about the investment banking sector. The Dow Jones industrials at times gave up more than 200 points.
News that the government plans to free up billions of dollars at Fannie Mae and Freddie Mac, a move that could help struggling homeowners, initially appeared to quell some of the market's fears. But it... Full Story
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