Stocks fall sharply as bad loan concern lingers
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Stocks dropped on Wednesday, pushing the Dow industrial average below 12,000 for the first time since November on worries over the worsening subprime mortgage market.
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Wall Street stocks fell sharply on Friday amid fears of bigger-than-expected writedowns and loan-losses at financial companies and as Bank of America (NYSE:BAC) agreed to absorb Countrywide Financial, the troubled mortgage lender.
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Stocks fell sharply on Wednesday after data showing higher-than-expected labor costs fueled concern that inflation and rising interest rates will harm corporate earnings.
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Stocks fell sharply for a second day on Wednesday after data showing higher-than-expected labor costs stoked worries about inflation and interest rates.
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NEW YORK, June 22 -- Wall Street ended a volatile week with a sharp decline Friday as investors again succumbed to nervousness about souring subprime mortgage loans and rising interest rates.
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U.S. stocks fell at the open on Thursday, pressured by declines in banking shares after Britain's HSBC  warned that bad debts from its U.S. mortgage lending business would hurt results.
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U.S. stocks fell on Thursday after worries about bad mortgage debts hit bank shares and a warning from luxury home builder Toll Brothers Inc.  reignited concern about the erosion of the housing market.
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Stocks got battered on Tuesday after the minutes from the last Federal Reserve policy meeting failed to reassure investors worried about weak housing, consumer confidence reports and ongoing credit and mortgage market woes.
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Stocks fell on Thursday as signs of   housing-market weakness and worries about the outlook for   interest rates made investors uneasy about prospects for   consumer spending and corporate profits.
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The stock market fell sharply last week as the subprime mortgage crisis spilled over into the broad financial markets.
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London equities tracked Wall Street sharply lower on Tuesday as growing concerns about the health of the US subprime lending sector harried the financials sector and resurrected fears of a wider slowdown.
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Stocks tumbled on Wednesday as a probe  of the home loan industry by New York's attorney general drew  in the country's biggest mortgage finance companies and  Washington Mutual Inc  warned the housing downturn would  extend well into next year.
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Concern over subprime mortgages extended the stock marketâs worst weekly decline since March.
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Stocks fell on Tuesday as rising bond yields stoked concerns that higher borrowing costs could cut into corporate profits and put a damper on deal activity.
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Stocks tumbled on Wednesday as a probe of the home loan industry by New York's attorney general drew in the country's biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year.
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US stocks were set for more pain on Friday as heightened credit concerns and fresh bad economic news weighed on investor sentiment.
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Stocks fell broadly and sharply after a report on mortgage defaults indicated that the troubled housing market will weaken further.