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Economy: Stock Market #885340

CBS Evening News for Wednesday, Nov 28, 2007
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(Studio: Katie Couric) The rise in the stock market despite a drop in home prices noted; figures cited.

(Studio: Anthony Mason) The stock market rally following word that the Federal Reserve Board will cut interest rates examined; statistics on “underwater” homeowners cited; map shown of states where home sales have dropped. [Florida home seller Bonnie SMITH – comments.] [Zillow.com vice president Stan HUMPHRIES†- cites locations hit hard by housing problems.] [Pacific Growth Equities Stephen MASSOCCA†- says this real estate debacle is going to harm the economy.]

Reporter(s):
Couric, Katie;
Mason, Anthony
Duration:
00:02:10

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