Jun 15, 2011 11:40 PM GMT+0700
U.S. stocks retreated, snapping a two-day gain, on rising concern about a Greek bailout and growing signs that the American economy is slowing.
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Wells Fargo & Co. (WFC) and Bank of America Corp. (BAC) slid at least 3 percent, following losses in European lenders, as officials failed to agree on a rescue plan for Greece. Caterpillar Inc. (CAT) and Alcoa Inc. (AA) slumped more than 1.6 percent as lower-than- forecast data on manufacturing, industrial production and homebuilder confidence added to signs the economy is slowing. Ford Motor Co. (F) fell 2.2 percent after saying pretax profit will be lower in the second half than in the first half
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