US stocks slide

Stocks gave up early gains to close sharply lower today as investors grappled with concerns about the strength of consumer spending and the overall US economy after downbeat comments from JC Penney and Wells Fargo.

US stocks slide
Thu, 15 Nov, 2007 - 22:10

Stocks gave up early gains to close sharply lower today as investors grappled with concerns about the strength of consumer spending and the overall US economy after downbeat comments from JC Penney and Wells Fargo.

Investors turned away from retailers and banks, while falling oil prices sent shares of energy companies down.

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