(Bloomberg) -- U.S. stocks retreated for the first
time in six days, led by housing and financial shares, after
D.R. Horton Inc. forecast a loss and Standard & Poor's said it
may cut ratings on bonds backed by subprime mortgages.
A gauge of U.S. homebuilders slid to the lowest in almost
four years after D.R. Horton Inc., the second largest, said it
sees no sign of a housing rebound. Lehman Brothers Holdings
Inc., the biggest underwriter of mortgage bonds, fell after S&P
said losses in those investments will increase.
Read more at Bloomberg Stocks News
time in six days, led by housing and financial shares, after
D.R. Horton Inc. forecast a loss and Standard & Poor's said it
may cut ratings on bonds backed by subprime mortgages.
A gauge of U.S. homebuilders slid to the lowest in almost
four years after D.R. Horton Inc., the second largest, said it
sees no sign of a housing rebound. Lehman Brothers Holdings
Inc., the biggest underwriter of mortgage bonds, fell after S&P
said losses in those investments will increase.
Read more at Bloomberg Stocks News
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