(Reuters) - NEW YORK, Aug 3 - U.S. stocks fell on Friday
after a ratings agency gave investment bank Bear Stearns Cos.
a negative outlook, heightening worries about mortgage
market losses, and data suggested weakness in the economy.
Standard & Poor's said it changed its ratings outlook on
Bear Stearns, the biggest U.S. underwriter of mortgage bonds,
to negative from stable, indicating there is a better chance of
a downgrade over the next two years. For details, see
[ID:nN03300207].
Read more at Reuters.com Bonds News
after a ratings agency gave investment bank Bear Stearns Cos.
a negative outlook, heightening worries about mortgage
market losses, and data suggested weakness in the economy.
Standard & Poor's said it changed its ratings outlook on
Bear Stearns, the biggest U.S. underwriter of mortgage bonds,
to negative from stable, indicating there is a better 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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