Wall Street hurt by mortgage worries
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U.S. stocks slid on Monday as a worldwide flight from riskier assets moved into a second week, fed in part by heightened concerns about the flagging health of the subprime mortgage market.
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By Michael Patterson  U.S. stocks fell Monday, extending their worst weekly slump in four years, after financial companies slid on concerns that a surge in mortgage-loan defaults could spread beyond the riskiest creditors.
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U.S. stocks edged lower on Friday as weaker-than-expected data on new home sales reinforced worries about the housing and mortgage markets.
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Stocks edged lower on Friday as weaker-than-expected data on new home sales reinforced worries about the housing and mortgage markets.
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Worries about the U.S. economy and fears over bank credit rippled across financial markets on Monday, sending stocks sharply lower and setting up Wall Street for a poor start.
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U.S. stocks closed lower on Monday as growing concerns about the subprime mortgage market dragged down shares of Bear Stearns Cos.  and Goldman Sachs Group .
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Wall Street lost momentum from last weekâs gains after news of declining existing home sales stirred concerns about the strength of the economy.
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Stocks dropped on Tuesday as trouble in the subprime mortgage market fueled selling of financial sector shares and the housing slump took a toll on companies' outlooks.
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Stocks slipped on Monday as concern about the impact of the housing slump and credit squeeze hurt shares of financial companies.
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Troubles in the subprime mortgage sector could put Wall Street on edge this week just as investors look for key economic data, including the Consumer Price Index, to shore up the market's nascent recovery after its recent plunge.
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Wall Street pulled back sharply after an unexpected contraction in the service sector rekindled investorsâ worry that the economy is headed for recession.
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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.
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Stocks fell on Tuesday as the housing slump took a toll on companies' earnings outlooks, while trouble in the subprime mortgage market hurt financial companies' shares.
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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.
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U.S. stocks fell on Friday as banks and brokers retreated on concerns about the impact of tightening credit on takeovers and the subprime mortgage industry.
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Wall Street extended its decline in early trading today, falling on nagging concerns about mortgage defaults and also following the lead of stock markets that tumbled abroad. The Dow fell 4.2 percent last week including Tuesday's 416-point plunge, fell about 62 points to the 12,051 level in the opening minutes of trading.
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U.S. stocks fell on Thursday after a warning about U.S. subprime mortgage lending from Britain's HSBC  sparked a sell-off in financial stocks and investors worried that fallout from the housing slowdown may be far from over.