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Stocks slide for 2nd day
Stocks slumped Tuesday, falling for the second session in a row, as oil prices rose, retailers' earnings disappointed and reports showed falling homebuilding activity and rising inflation.
Oil up on expected drop in gas supply
Oil prices bounced back Tuesday as the dollar weakened and investors worried that a predicted fall in gasoline supplies could cause refineries to step up crude use.
Dollar sinks on weak economic reports
The dollar lost ground against other currencies Tuesday after an inflation report showed a further rise in wholesale prices, and housing starts fell to a 17-year low.
Bonds mixed on inflation, housing
Bond prices were mixed Tuesday as investors appeared torn between inflation concerns and fresh signs of economic weakness stemming from the ailing housing market.
Fannie, Freddie shares battered
Shares of Freddie Mac and Fannie Mae on Monday suffered their worst day since a mid-July free fall and plunged to their lowest points in nearly two decades.
Gold loses its glimmer
A rebounding dollar, sinking commodity prices and a seasonal jewelry sales lull have sent gold prices into a virtual nosedive in the past month.
Dollar sinks on weak economic reports
The dollar lost ground against other currencies Tuesday after an inflation report showed a further rise in wholesale prices, and housing starts fell to a 17-year low.
Oil up on expected drop in gas supply
Oil prices bounced back Tuesday as the dollar weakened and investors worried that a predicted fall in gasoline supplies could cause refineries to step up crude use.