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New credit crisis fears haunt European, Asian stock markets (AFP)
AFP - European and Asian stocks dropped sharply Tuesday as concern about the credit crunch again spooked investors, but US markets showed some resilience to the prevailing mood of fear.
Date: Wed, 09 Jul 2008 01:52:02 GMT
Dow ends up 152 on decline in oil, Bernanke talk (AP)
AP - Wall Street finished sharply higher Tuesday as oil prices dropped for the second straight day and investors were encouraged by the possibility of more help for the ailing financial system. The Dow Jones industrials gained more than 150 points, and all the major indexes were up more than 1 percent.
Date: Tue, 08 Jul 2008 22:15:27 GMT
Stocks rise on banks and lower oil (Reuters)
Reuters - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.
Date: Tue, 08 Jul 2008 21:20:07 GMT
SEC finds credit raters had conflicts of interest (AP)
AP - The three main credit-rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages that later collapsed, federal regulators said Tuesday.
Date: Tue, 08 Jul 2008 21:03:07 GMT
The Short View: Negative returns (FT.com)
FT.com - It's official: US stocks have had a wasted decade. The real return on the S&P 500 since 1998, after subtracting consumer price inflation, is just below zero. The last time this was true, according to Merrill Lynch, was in 1983.
Date: Tue, 08 Jul 2008 19:00:23 GMT
