(Reuters) - NEW YORK, June 25 - U.S. stocks closed lower on
Monday as growing concerns about the subprime mortgage market
dragged down shares of Bear Stearns Cos. and Goldman
Sachs Group .
Shares of Bear Stearns Cos. , which last week bailed
out a hedge fund it manages that is heavily invested in
subprime mortgages, dropped more than 3 percent after a Merrill
Lynch & Co. analyst said the brokerage may need to stump up
more cash to rescue a second fund.
Read more at Reuters.com Bonds News
Monday as growing concerns about the subprime mortgage market
dragged down shares of Bear Stearns Cos. and Goldman
Sachs Group .
Shares of Bear Stearns Cos. , which last week bailed
out a hedge fund it manages that is heavily invested in
subprime mortgages, dropped more than 3 percent after a Merrill
Lynch & Co. analyst said the brokerage may need to stump up
more cash to rescue a second fund.
Read more at Reuters.com Bonds News
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