U.S. stocks cut losses as rumors swirl about Saddam

Newswire

(Updates to late morning) NEW YORK, March 20 (Reuters) - Stocks trimmed steep losses in late morning on Thursday as rumors swirled that Saddam Hussein may have been hit in an initial strike by the United States aimed at ousting the Iraqi president. Stocks slumped much of the morning after President George W. Bush warned the war may be "more difficult than some predict." The market pared its declines later in the session as speculation mounted that Saddam may have been killed or wounded ...

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