(Reuters) - NEW YORK, July 10 - U.S. stocks fell on Tuesday
after profit warnings from Home Depot Inc. and Sears
Holdings Corp. , while trouble in the subprime mortgage
market fueled a sell-off among shares of financial companies.
Rating agency Standard & Poor's said it may cut $12 billion
of subprime-related debt on expectations of more delinquent and
defaulted U.S. home loans, hitting investment banks and
mortgage companies. For details, see [ID:nN10336254]
Read more at Reuters.com Bonds News
after profit warnings from Home Depot Inc. and Sears
Holdings Corp. , while trouble in the subprime mortgage
market fueled a sell-off among shares of financial companies.
Rating agency Standard & Poor's said it may cut $12 billion
of subprime-related debt on expectations of more delinquent and
defaulted U.S. home loans, hitting investment banks and
mortgage companies. For details, see [ID:nN10336254]
Read more at Reuters.com Bonds News
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