Tuesday, March 13, 2007
U.S. stocks fall as subprime bites again
11:41 am ET Mar 13, 2007
DJIA
12,261
-57.52
S&P
1,401
-5.33
NASDAQ
2,389
-12.90
10Yr
4.53%
-0.026
U.S. stocks fall as subprime bites again
NEW YORK
U.S. stocks were firmly lower on Tuesday, after weaker-than-expected
February retail sales fueled concerns about growth, while the tide of
problems in the subprime mortgage market continued unabated.
Bond Report: Treasurys rally on weak retail sales, subprime nervousness
NEW YORK
Treasury prices rallied at midday Tuesday, sending yields lower, after
weaker-than-expected data on U.S. retail sales and continuing worries
about subprime lenders stirred safe-haven demand for low-risk bonds.
