Thursday, July 26, 2007

Wall St tumbles on oil, housing, credit woes

(Reuters) - U.S. stocks tumbled on Thursday as a surge in oil prices, concern about the housing slump and a worsening climate for financing takeovers cut investors' appetite for risk in a global equities sell-off.

News of a disappointing quarterly profit from Exxon Mobil Corp. weighed on the energy sector and sent Exxon shares down more than 3 percent.


Read more at Reuters Africa

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