(Reuters) - U.S. stocks briefly dipped into negative territory as
concerns about financing for takeovers hit financial shares,
stalling an earlier rebound. The drop followed news that
Chrysler Corp. had postponed a $12 billion auto loan deal. For
details see [ID:nN25348993].
The news lent underlying support to Treasuries -- which had
been down sharply earlier in the session -- as investors
considered safer fixed income assets to park their cash and
assess the ongoing shakeout in lending markets.
Read more at Reuters.com Bonds News
concerns about financing for takeovers hit financial shares,
stalling an earlier rebound. The drop followed news that
Chrysler Corp. had postponed a $12 billion auto loan deal. For
details see [ID:nN25348993].
The news lent underlying support to Treasuries -- which had
been down sharply earlier in the session -- as investors
considered safer fixed income assets to park their cash and
assess the ongoing shakeout in lending markets.
Read more at Reuters.com Bonds News
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