Wall Street retreated Wednesday afternoon as investors backed out of a variety of stocks that had led the previous session's big rally, including financials.
As most economic indicators continue to flash yellow - and occasionally red - a vigorous debate is unfolding about how far auto sales will fall this year.
Stocks slumped Wednesday afternoon, erasing early gains, as investors backed out of a variety of the sectors that had led the previous session's big rally, including the financial sector.
An additional $200 billion in financing is headed to the battered mortgage markets after federal regulators Wednesday said they would allow finance giants Fannie Mae and Freddie Mac to reduce the capital they keep on hand.