(Bloomberg) -- U.S. stocks fell, erasing a 102-
point rally in the Dow Jones Industrial Average, after a bomb
scare swept London and concern grew that banks face more losses
from subprime loans.
Bear Stearns Cos., Merrill Lynch & Co. and Lehman Brothers
Holdings Inc. led brokers to the steepest retreat among 24
industries in the Standard & Poor's 500 Index. The S&P 500
posted its first monthly decline since February on speculation
losses on subprime mortgages will deepen after two Bear Stearns
hedge funds nearly collapsed.
Read more at Bloomberg Stocks News
point rally in the Dow Jones Industrial Average, after a bomb
scare swept London and concern grew that banks face more losses
from subprime loans.
Bear Stearns Cos., Merrill Lynch & Co. and Lehman Brothers
Holdings Inc. led brokers to the steepest retreat among 24
industries in the Standard & Poor's 500 Index. The S&P 500
posted its first monthly decline since February on speculation
losses on subprime mortgages will deepen after two Bear Stearns
hedge funds nearly collapsed.
Read more at Bloomberg Stocks News
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