Housing weakness woes drive stock indexes down
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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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Wall Street pulled back yesterday, finishing slightly lower as investors grappled with an economic assessment by the Federal Reserve that warned yet again of inflation risks and reported a substantial slowing of the housing sector.
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Stocks declined for a second day on mounting evidence that a housing slump is putting the brakes on the economy.
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NEW YORK  -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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Stock futures slipped on Tuesday, as investors were cautious ahead of key U.S. housing data that may shed light on the troubled housing market.
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Stocks fell on Monday as a larger-than-expected decline in new home sales in December added to worries about the impact of a weak housing market on the economy.
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Stocks extended losses on Tuesday, driving all three major indexes down more than 1 percent, as mounting losses in the subprime mortgage sector caused investors to sell riskier assets.
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Rising oil prices and continued weakness in the US dollar pushed stocks lower Monday as investors grew increasingly uneasy about the economy.
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U.S. stock index futures fell on Friday, signaling a weaker market open, after data showed housing starts fell more than expected in January.
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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.
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U.S. stocks fell on Wednesday, with investors uncertain that equities could avert further losses amid lingering concerns about economic growth and fallout from a slowing housing market.
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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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Stocks extended losses on Monday as a report showing a decline in existing home sales last month suggested the housing sector remained mired in a downturn.
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Mortgage lenders and homebuilders were the big losers in UK stock markets on Friday, dragging the FTSE indices lower, after news of house price falls combined with Northern Rock&#39;s difficulties to send investors running for the exits.
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Stocks turned lower on Friday as lingering worries about losses in the subprime mortgage lending sector overshadowed signs of continued strength in the U.S. job market.
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Stocks slipped on Wednesday after a private report showed U.S. home prices tumbled in October and retailer Target cut its December sales view.
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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.