U.S. Stocks Retreat as Spending Trails Forecast (Correct)
Posted on
May 28, 2010 by
bp complaints
U.S. Stocks Retreat as Spending Trails Forecast (Correct)
(Corrects percentage change for oil yesterday in third paragraph after “Offshore Drilling” subhead.) May 28 (Bloomberg) — U.S. stocks retreated, with the Standard & Poor’s 500 Index paring yesterday’s 3.3 percent advance, after personal spending trailed economists’ forecasts and energy companies dropped on President Barack Obama moratorium on new deepwater drilling permits.
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