Wednesday, June 27, 2007

U.S. Stock-Index Futures Retreat; ConocoPhillips, Lennar Shares Decline

(Bloomberg) -- U.S. stock-index futures fell after
energy producers retreated on a drop in the price of oil and a
report said mortgage applications slipped to a four-month low.

ConocoPhillips, the third-largest U.S. oil company,
declined after it said it will record a charge of $4.5 billion
to write off its Venezuela projects. Lennar Corp., the biggest
homebuilder, slid for a sixth straight day.


Read more at Bloomberg Stocks News

No comments: