(Reuters) - U.S. stocks slipped on Monday as oil climbed toward a 10-month high near $70 a barrel, taking a toll on energy-dependent sectors, while more worrisome data from the housing sector weighed on home builders.
Adding to the wary mood, The Wall Street Journal said Merrill Lynch & Co. took control of $400 million of loan assets underlying a troubled hedge fund at Bear Stearns Cos. Inc. Merrill was a chief lender to the fund, which was heavily invested in subprime loans.
Read more at Reuters Africa
Adding to the wary mood, The Wall Street Journal said Merrill Lynch & Co. took control of $400 million of loan assets underlying a troubled hedge fund at Bear Stearns Cos. Inc. Merrill was a chief lender to the fund, which was heavily invested in subprime loans.
Read more at Reuters Africa
No comments:
Post a Comment