Monday, April 30, 2007

U.S. Stocks Decline on Economy Concern; Coach Leads Consumer Stocks Lower

(Bloomberg) -- U.S. stocks fell for a third day on increasing signs growth in the world's biggest economy is faltering.

Luxury consumer shares led the retreat as Coach Inc., the biggest U.S. maker of high-end leather handbags, dropped the most in the Standard & Poor's 500 Index. Hilton Hotels Corp. slumped to a six-week low after the company predicted full-year profit that trailed analysts' estimates.


Read more at Bloomberg Stocks News

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