Monday, July 16, 2007

US STOCKS-S&P, Nasdaq fall on subprime worries, oil stocks

(Reuters) - NEW YORK, July 16 - The Standard & Poor's 500 and
Nasdaq composite stock indexes fell on Monday as worries about
a fallout from troubles in the subprime mortgage market
re-emerged, but the blue-chip Dow clung to gains on optimism
about earnings.




Energy stocks fell even as crude oil perched above $74 a
barrel on concern about dwindling profit margins for gasoline.
In addition, natural gas prices declined due to high inventory
levels and forecasts for below-normal temperatures in parts of
the country.


Read more at Reuters.com Bonds News

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