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(From AFX Europe (Focus))
LONDON (Thomson Financial) - US SUMMARY: Stocks pull back as financials fall; oil slips Index
Change
Percent change *DJIA
11479.39
-180.51
-1.55 *Nasdaq
2416.98
-35.54
-1.45 *S&P 500
1278.60
-19.60
-1.51 eur-usd
1.4697
+0.0017 Brent crude Nymex
$112.87
-$0.90 10 yr US treasury
3.82 percent
* Monday's close
STOCKS: Wall Street retreated Monday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers.
Investors were again uneasy about the health of financial companies after media reports of further problems in the sector. Barron's said the U.S. Treasury might have to bail out government-chartered Fannie and Freddie, which, the weekly noted, would likely wipe out shareholders' equity in the companies.
Meanwhile, The Wall Street Journal, citing unidentified …