Saturday, July 21, 2007

Earnings misses, subprime woes punish Wall Street

(Reuters) - U.S. stocks tumbled on Friday, battered by disappointing results from such bellwethers as Caterpillar and Google, and more signals that fallout from the risky subprime mortgage market may spread.

The day's losses were big enough to drag the major indexes into negative territory for the week, snapping a three week streak of gains for the Dow, the S&P 500 and the Nasdaq.


Read more at Reuters Africa

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