US stocks declined the most in more than a week, led by banking and real estate shares, as growing speculation the government will bail out Fannie Mae and Freddie Mac rattled the mortgage market.
The S&P500 Index lost 19.60 points, or 1.5 percent, to 1,278.60 as 23 of 24 industry groups declined. The Dow Jones Industrial Average retreated 180.51, or 1.6 percent, to 11,479.39 as all 30 companies fell. The Nasdaq Composite Index slumped 35.54, or 1.5 percent, to 2,416.98.
(Bloomberg.com)
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