05-07-2016 20:56 via news.yahoo.com

Wall Street declines as growth worries, oil weigh

Wall Street stocks fell in afternoon trading on Tuesday as investors faced continued uncertainty in Europe and tumbling oil prices weighed on energy shares. The Bank of England said the outlook for Britain's financial stability after its June 23 vote to leave the European Union, dubbed Brexit, was "challenging" and said it would lower the amount of capital that banks were required to hold in reserve in order to allow them to keep lending. “After a surprisingly big bounce last week, I think
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