Market Update For Aguest 18, 2008
By Daniel at 19 August, 2008, 1:44 am
NEW YORK (MarketWatch) — Stocks fell sharply Monday, with financial-sector woes coming back to the fore amid reports of more losses at Lehman Brothers and of a bail-out for mortgage giants Fannie Mae and Freddie Mac.
Summary:
- U.S stock fall steeply as financials worries return.
- More losses From Lehman Brothers
- Bail-out for mortgage giants Fannie Mae and Freddie Mac
- Need good news from Credit and energy market
- S&P, Nasdaq push lower.
- Continued fall out of bad home loans.
- Threat of Tropical storm hitting oil installation in Gulf of Mexico faded while concerns of lower demand returned.
- U.S dollar was mostly lower against rivals.
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