(Reuters) - NEW YORK, June 18 - U.S. stock indexes hardly
budged on Monday as the reemergence of turmoil in the subprime
mortgage market kept investors cautious despite a fresh round
of corporate takeovers.
Investors appeared increasingly concerned about the
condition of credit markets after a Wall Street Journal report
that Merrill Lynch & Co. had taken control of $400
million of loan assets underlying a troubled hedge fund at Bear
Stearns Cos. Inc. that was heavily invested in subprime loans.
Read more at Reuters.com Bonds News
budged on Monday as the reemergence of turmoil in the subprime
mortgage market kept investors cautious despite a fresh round
of corporate takeovers.
Investors appeared increasingly concerned about the
condition of credit markets after a Wall Street Journal report
that Merrill Lynch & Co. had taken control of $400
million of loan assets underlying a troubled hedge fund at Bear
Stearns Cos. Inc. that was heavily invested in subprime loans.
Read more at Reuters.com Bonds News
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