(Reuters) - NEW YORK, July 10 - U.S. stocks fell on Tuesday
on a spate of profit warnings and as new trouble in the
subprime mortgage market fueled a sell-off in financial shares
but drove up Treasury prices in a flight to safety.
Standard & Poor's said on Tuesday it may cut its ratings on
$12.1 billion of subprime debt on expectations of further
declines 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 new trouble in the
subprime mortgage market fueled a sell-off in financial shares
but drove up Treasury prices in a flight to safety.
Standard & Poor's said on Tuesday it may cut its ratings on
$12.1 billion of subprime debt on expectations of further
declines in U.S. home prices and more defaults on home loans.
Read more at Reuters.com Bonds News
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