Wall Street sags on bleak housing view
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Stocks slipped on Wednesday following a negative assessment of the housing market from a large home builder and a Federal Reserve report indicated some U.S. regions were seeing slowing economic growth.
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U.S. stock futures lost ground Tuesday as concerns mounted about the viability of subprime mortgage lenders and whether their troubles would spread to other parts of the economy.
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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 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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Concern over subprime mortgages extended the stock marketâs worst weekly decline since March.
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Stocks declined Monday, the last day of a volatile and difficult year on Wall Street, as investors awaited a report on home sales.
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Wall Street shares were mixed on Wednesday as confidence wobbled after housing starts hit a 14-year low, but technology stocks continued to attract buyers.
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Stocks slid sharply on Tuesday after Merrill Lynch cut its rating on three investment banks, while housing and consumer confidence data added to doubts about the economy's health.
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U.S. stocks inched lower on Monday as investors were hesitant to add positions after last week's broad gains and awaited a report on the U.S. service sector to yield clues about the outlook for the economy.
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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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Shares on Wall Street looked set for a weaker start on Wednesday as concerns about the U.S. subprime mortgage market resurfaced ahead of U.S. housing and key inflation data and a slew of corporate earnings.
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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 stocks were set to open lower 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 (NYSE:CFC), the troubled mortgage lender.
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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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Wall Street stocks declined on Tuesday, after major retailers lowered their sales forecasts, house prices fell at their sharpest pace for sixteen years and existing home sales fell to a five-year low.
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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 slid on Thursday as worries about bad mortgage debts hit bank shares and a warning from home builder Toll Brothers Inc.  reignited concern about weakness in the housing market.