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End in sight to subprime mortgage writedowns: S&P
Summary from multiple countries, from articles in English
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The stock market closed higher Thursday after a steep morning slide, as hopes were again raised that the bottom might be near in the sub-prime mortgage crisis. (article 7)
US share indexes ended up on Thursday after a volatile day's trading that had earlier seen them fall sharply due to the weak dollar and record oil prices. (article 5)
Germany's Dax lost 1.5%, France's Cac gave up 1.4%, and Japan's Nikkei closed down 3.3%. (article 5)
V olatility in the markets may spur many investors to switch to cautious portfolio allocations, but for the spread betting industry, downward market movements have brought opportunities for large gains over very short periods. (article 6)
The credit crunch has led many fund managers to sell out of some stocks, such as financials and commodities, that are traditionally vulnerable during economic and market unrest. (article 6)
A fractious Wall Street rebounded from an early plunge to finish moderately higher Thursday, after Standard & Poor's predicted financial companies are nearing the end of the massive asset write-downs that have devastated the stock and credit markets. (article 2)
NEW YORK (Reuters) - Standard & Poor's said on Thursday write-downs for large financial institutions on subprime debt are likely past the halfway mark, but could still hit $285 billion. (article 4)
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Other summaries about this story:
Other stories about Credit, Mortgage and markets:
Event tracking:
Story keywords
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Credit, Mortgage, markets, Banks, securities |
Source articles
- The Seattle Times: Dow pulls out of 220-point swoon to gain 35 (seattletimes.nwsource.com, 03/13/2008, 390 words)
- Stocks Rise After S&P Report (sfgate.com, 03/13/2008, 812 words)
- Stocks Fall As Dollar Slides, Gold Jumps (Washington Post, 03/13/2008, 508 words)
- End in sight to subprime mortgage writedowns: S&P (boston.com, 03/13/2008, 581 words)
- US stocks rise after volatile day (BBC News, 03/13/2008, 340 words)
- Stocks: Going short as markets falter (ft.com, 03/13/2008, 814 words)
- U.S. stocks rebound after morning slide (L.A. Times, 03/14/2008, 686 words)
- Stocks retreat as euphoria turns to caution (seattletimes.nwsource.com, 03/12/2008, 392 words)
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blaster@cs.columbia.edu
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