(Bloomberg) -- U.S. stocks slid after Countrywide
Financial Corp. and DuPont Co. said the housing slump reduced
profits and an analyst said demand for Apple Inc.'s iPhone is
diminishing.
Countrywide, the largest U.S. mortgage lender, fell the
most in almost a year on its third straight decline in profit.
DuPont, the third-biggest U.S. chemical maker, posted its
steepest drop since 2005 after reporting weakening demand for
paint and kitchen countertops. Apple Inc. shares retreated after
a Piper Jaffray Cos. analyst said AT&T Inc.'s activations of the
iPhone are a ``disappointment.''
Read more at Bloomberg Stocks News
Financial Corp. and DuPont Co. said the housing slump reduced
profits and an analyst said demand for Apple Inc.'s iPhone is
diminishing.
Countrywide, the largest U.S. mortgage lender, fell the
most in almost a year on its third straight decline in profit.
DuPont, the third-biggest U.S. chemical maker, posted its
steepest drop since 2005 after reporting weakening demand for
paint and kitchen countertops. Apple Inc. shares retreated after
a Piper Jaffray Cos. analyst said AT&T Inc.'s activations of the
iPhone are a ``disappointment.''
Read more at Bloomberg Stocks News
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