(Reuters) - NEW YORK, June 18 - U.S. stocks slipped on Monday
as oil climbed notched a 10-month high while nearing $70 a
barrel, taking a toll on energy-dependent sectors, while more
worrisome data from the housing sector weighed on home
builders.
Adding to the wary mood, The Wall Street Journal said
Merrill Lynch & Co. took control of $400 million of
loan assets underlying a troubled hedge fund at Bear Stearns
Cos. Inc. Merrill was a chief lender to the fund, which
was heavily invested in subprime loans.
Read more at Reuters.com Market News
as oil climbed notched a 10-month high while nearing $70 a
barrel, taking a toll on energy-dependent sectors, while more
worrisome data from the housing sector weighed on home
builders.
Adding to the wary mood, The Wall Street Journal said
Merrill Lynch & Co. took control of $400 million of
loan assets underlying a troubled hedge fund at Bear Stearns
Cos. Inc. Merrill was a chief lender to the fund, which
was heavily invested in subprime loans.
Read more at Reuters.com Market News
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