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This story has been updated from 6:07 a.m. EDT with new stock prices.
Waiting to see big banks piling into the mortgage business a la Bank of America (BAC Quote)? Don't hold your breath.
BofA surprised Wall Street last week by making a $2 billion bet on struggling Countrywide (CFC Quote). The news, announced after the close last Wednesday, gave Countrywide's sinking stock a one-day reprieve.
The linkup also boosted smaller stand-alone lenders such as Thornburg Mortgage (TMA Quote) and IndyMac (IMB Quote), as investors wagered that commercial banks such as Wells Fargo(WFC Quote) and Wachovia(WB Quote) might make copycat moves. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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19.14
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37.61
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0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.46%
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