Wednesday, December 05, 2007

U.S. Stocks Decline; Wells Fargo, Fannie Mae, J.C. Penney Drop

By Michael Patterson
Nov. 15 (Bloomberg) -- U.S. stocks fell for a second day after Wells Fargo & Co. said the housing market is the worst since the Great Depression and investors speculated Fannie Mae masked credit-market losses in its latest earnings report.

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