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Wall St brakes on confidence data, but has upbeat Q2 (Reuters)

Street signage outside the New York Stock Exchange. Creditors holding bonds in US auto giant GM will swap 27.1 billion dollars in debt for a 10-percent stake and warrants allowing them to buy an additional 15-percent stake in the firm.(AFP/File/Stan Honda)Reuters - Stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade.


This entry was posted on Tuesday, June 30th, 2009 at 9:16 pm and is filed under Market News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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