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Mortgage, tech worriescombine to knock stocks - Read More

Date Added: July 10, 2008 06:28:04 PM
U.S. stocks tumbled Wednesday, sending the Standard & Poor's 500 Index into its first bear market since 2002, on growing concern the biggest mortgage finance companies may not weather the housing slump. Fannie Mae and Freddie Mac led financial shares to their biggest decline in six years after Fannie's borrowing costs surged on concern it won't be able to fund its business. Cisco Systems dropped ...

Category: Business & Economy » Finance and Investment » Stocks and Shares


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