(Reuters) - NEW YORK, July 10 - U.S. stocks fell on Tuesday
on a spate of profit warnings and as trouble in the subprime
mortgage market fueled a sell-off in shares of financial
companies and raised investors' aversion to risk, driving up
Treasury prices.
Standard & Poor's on Tuesday said it may cut its ratings on
$12 billion of subprime-related debt on expectations of an 8
percent drop in U.S. home prices and more defaults on home
loans.
Read more at Reuters.com Bonds News
on a spate of profit warnings and as trouble in the subprime
mortgage market fueled a sell-off in shares of financial
companies and raised investors' aversion to risk, driving up
Treasury prices.
Standard & Poor's on Tuesday said it may cut its ratings on
$12 billion of subprime-related debt on expectations of an 8
percent drop in U.S. home prices and more defaults on home
loans.
Read more at Reuters.com Bonds News
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