(Reuters) - NEW YORK, Aug 3 - U.S. stocks slid sharply on
Friday after Bear Stearns said credit markets were in their
worst shape in two decades, while jobs data aroused further
concerns about weakness in the economy.
Bear Stearns Cos. stock fell 6 percent after the
comments from its chief financial officer, which exacerbated
mortgage jitters and drove the three major indexes down more
than 2 percent in a broad market sell-off.
Read more at Reuters.com Bonds News
Friday after Bear Stearns said credit markets were in their
worst shape in two decades, while jobs data aroused further
concerns about weakness in the economy.
Bear Stearns Cos. stock fell 6 percent after the
comments from its chief financial officer, which exacerbated
mortgage jitters and drove the three major indexes down more
than 2 percent in a broad market sell-off.
Read more at Reuters.com Bonds News
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