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The U.S. industry traded down for that second straight day on Wednesday over new concerns about the rate of inflation, according to Bloomberg and other news sources.

Visa on Wednesday reported fiscal third-quarter net earnings of $1 billion, or $1.43 per Class A common share, up from $716 million, or 97 cents per share, a last year.



The biggest real estate failure in U.S. history has stirred market talk that Westfield and Simon Property Group Inc. could emerge when you buyers for that assets from bankruptcy.

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"There are not indications how the U.S. economy is entering recession. I'm fairly bullish as the actual marketplace is fairly valued," Peter Dunay, a smart investment strategist at Leeb Capital Management in New York, told Bloomberg.

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"The risks are how the U.S. consumer recession is deeper than anticipated. To would be increasing their U.S. exposure as the buyer outlook is deteriorating," said Richard Morris, a fund manager with Constellation Capital Management, which does not own Westfield shares.

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