(Bloomberg) -- Financial shares tripped over higher
bond yields, sending the Standard & Poor's 500 Index to its
steepest drop in two weeks.
Growing concern losses in mortgage securities will spread
helped drive down shares of JPMorgan Chase & Co., Citigroup Inc.
and Bank of America Corp. Moody's Corp., the inventor of credit
ratings, fell to its lowest in two months on speculation bond
issuance will slow.
Read more at Bloomberg Stocks News
bond yields, sending the Standard & Poor's 500 Index to its
steepest drop in two weeks.
Growing concern losses in mortgage securities will spread
helped drive down shares of JPMorgan Chase & Co., Citigroup Inc.
and Bank of America Corp. Moody's Corp., the inventor of credit
ratings, fell to its lowest in two months on speculation bond
issuance will slow.
Read more at Bloomberg Stocks News
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