(Reuters) - NEW YORK, Aug 3 - U.S. stocks fell on Friday as
fears about mortgage losses intensified after a ratings agency
cut its outlook on Bear Stearns Cos.' debt, while data
suggested weakness in the economy.
Standard & Poor's said it cut its ratings outlook on
investment bank Bear Stearns to "negative" from "stable,",
indicating a greater chance of a downgrade over the next two
years. For details, see [ID:nN03300207].
Read more at Reuters.com Bonds News
fears about mortgage losses intensified after a ratings agency
cut its outlook on Bear Stearns Cos.' debt, while data
suggested weakness in the economy.
Standard & Poor's said it cut its ratings outlook on
investment bank Bear Stearns to "negative" from "stable,",
indicating a greater chance of a downgrade over the next two
years. For details, see [ID:nN03300207].
Read more at Reuters.com Bonds News
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