(Reuters) - NEW YORK, June 25 - U.S. stocks fell on Monday,
after trading higher for most of the session, as oil futures
edged up close to $70, and on worries that there may be more
fallout from problems in the subprime mortgage market.
Shares of Bear Stearns Cos. , which is running
damage control following the bail-out of one of its two hedge
funds that invested in risky subprime mortgages, tumbled more
than 5 percent after a Merrill Lynch & Co. analyst said
Bear may have not seen the last of such troubles.
Read more at Reuters.com Bonds News
after trading higher for most of the session, as oil futures
edged up close to $70, and on worries that there may be more
fallout from problems in the subprime mortgage market.
Shares of Bear Stearns Cos. , which is running
damage control following the bail-out of one of its two hedge
funds that invested in risky subprime mortgages, tumbled more
than 5 percent after a Merrill Lynch & Co. analyst said
Bear may have not seen the last of such troubles.
Read more at Reuters.com Bonds News
No comments:
Post a Comment