(Reuters) - NEW YORK, July 10 - U.S. stocks slid on Tuesday
as the subprime mortgage crisis escalated, undermining banking
shares, while Home Depot Inc. and other housing-related
companies lowered their outlooks.
Standard & Poor's roiled financial markets when it said it
may cut ratings on $12 billion of subprime-related debt on
forecasts of more delinquent and defaulted U.S. home loans.
Read more at Reuters.com Bonds News
as the subprime mortgage crisis escalated, undermining banking
shares, while Home Depot Inc. and other housing-related
companies lowered their outlooks.
Standard & Poor's roiled financial markets when it said it
may cut ratings on $12 billion of subprime-related debt on
forecasts of more delinquent and defaulted U.S. home loans.
Read more at Reuters.com Bonds News
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