Us Stocks Fall Amid Banking Concerns

The Nissan Motor Co. Ltd. is confident to hit its net profit target for present-day fiscal year, Chief executive Carlos Ghosn said last Thursday, after missing last year's target by about ten percent.



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U.S. stocks closed Wednesday trading session lower with losses regarding financial sector partly offset by gains in force. The Down Jones Industrial Average closed down at 10,835.28, the S&P 500 dropped 0.3% to 1,144.73, and the Nasdaq Composite ended down 0.1% to 2,376.56.

Red Bank, N.J.-based home builder Hovnanian Enterprises(HOV_) reported a much wider loss for its fiscal second quarter vs. last year as gross margins deteriorated and contract backlog gone down.

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