Posted at 11:53 a.m., Thursday, July 5, 2007
Mixed day on Wall Street in post-holiday trading
Associated Press
Wall Street closed mixed in uneven post-holiday trading Thursday as a rebound in bond yields stifled Wall Street's excitement about new buyout activity and strength in the U.S. service sector. Also hurting the Dow Jones industrial average was General Motors Corp., one of the blue-chip index's 30 components. GM was downgraded by a Bear Stearns analyst after the automaker on Tuesday posted a 21.3 percent drop in June sales compared to last year.
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