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Closing Glance: Diversified financials fall
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NEW YORK - Diversified financial-services stocks finished a volatile week with declines on Friday as mounting concerns about the country's biggest mortgage financiers, Fannie Mae and Freddie Mac, continued to rattle the market.
Speculation that Lehman Brothers Holdings Inc. is struggling also weighed on the stocks.
Meanwhile, oil surged as high as $147.27 as tensions with Iran continued to fuel concerns about supply.
How shares of some key diversified financial companies performed on Friday:
Citigroup, down 9 cents to $16.19.
JPMorgan Chase & Co., down $1.35, or 3.9 percent, to $33.16.
CIT Group Inc., down 23 cents, or 3.1 percent, to $7.09.
Bank of America Corp., down 69 cents, or 3.1 percent, to $21.67.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Data is a real-time snapshot *Data is delayed at least 15 minutes