Credit Card and Financial News

An up-to-date look at the Financial World

17 Dec

Stocks drop on strong dollar, FedEx weighs (Reuters)

Posted in business on 17.12.09

Specialist Evan Solomon, foreground left, prepares to open Citigroup's secondary offering shares on the floor of the New York Stock Exchange Thursday, Dec. 17, 2009. Citi is the last remaining Wall Street bank in which the government still owns a major stake.(AP Photo/Richard Drew)Reuters – U.S. stocks fell on Thursday as the dollar rebounded, diminishing the appetite for risky assets, while FedEx forecast profits below estimates and Citigroup got a cool reception for its stock offering.



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