Shares sink as subprime worries rise
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Stocks plunged on Tuesday in their second-worst sell-off of the year as the impact of losses in the subprime mortgage group cascaded across the financial sector, knocking down shares of investment banks and traditional lenders.
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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 turned lower on Monday as oil futures pared their losses and more worries about the subprime mortgage market swirled.
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Stocks dropped on Tuesday, pushing the Dow down more than 200 points in its second-biggest sell-off of the year, as mounting losses in the subprime mortgage sector dragged down shares of companies with any exposure to the U.S. housing market.
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Blue-chip stocks fell on Thursday as bond yields crept higher, stirring concern about rising interest rates as an increasing aversion to risk kept buyers at bay.
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US shares see their biggest drops in more than four months as worries about the housing market increase.
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Stocks plunged Tuesday, driving the Dow Jones industrials down 200 points and erasing the gains from the past three sessions, as troubles for subprime lenders kept piling up and U.S. retail sales came in weaker than anticipated.
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Stocks dropped on Wednesday after weak data heightened concerns about turmoil in the subprime mortgage market, while the Federal Reserve's Beige Book later suggested conditions may not have deteriorated enough to trigger a rate cut.
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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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U.S. stocks ended down on Wednesday, pressured by growing concerns about troubles in the subprime mortgage market and a warning from the Federal Reserve chairman about housing weakness.
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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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The meltdown among U.S. subprime mortgage lenders broadened on Tuesday, as shares of Accredited Home Lenders Holding Co. lost two-thirds of their value and New Century Financial Corp. sank, with investors fearing both would run out of cash.
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Stocks fell for a third straight session on Friday as concern over rising defaults in the subprime mortgage industry sent financial services shares for their worst drop in a month.
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Stocks dropped sharply in morning trading as a familiar scourge â losses stemming from subprime home loans â struck two prominent players in the financial industry.
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Mortgage and shopping blues combine to push stocks lower.
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Stocks ended down for a third day on Friday, giving the Dow Jones industrial average its worst week since August, as worries over rising defaults in the subprime mortgage industry sent financial services shares lower.
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Stocks fell for a third straight session on Friday as concern over rising defaults in the subprime mortgage industry drove financial services shares down for their worst drop in a month and the price of oil hit a 2007 high.