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Stocks Drop on Bank Margins; Crops Lead Commodities Lower
Businessweek U.S. stocks erased an early rally as Wells Fargo & Co. (WFC)'s shrinking profit margin (WFC) and weakness in European markets overshadowed a jump in consumer confidence to the highest level since the recession started. Commodities sank and the euro … US Stocks Rise as Consumer Confidence Tops Estimates U.S. Stocks Decline as Europe, Banks Offset Confidence Data European Stocks Seen Lower, Earnings In Focus |