(Bloomberg) -- U.S. stock-index futures declined
on growing concern that the lingering housing slump and rising
mortgage defaults will reduce second-quarter earnings.
Lehman Brothers Holdings Inc. and Bear Stearns Cos., the
biggest underwriters of mortgage-backed securities, retreated
after ratings agencies said subprime losses may widen. Ryland
Group Inc., the largest U.S. homebuilder for first-time buyers,
fell after saying it will post a loss.
Read more at Bloomberg Stocks News
on growing concern that the lingering housing slump and rising
mortgage defaults will reduce second-quarter earnings.
Lehman Brothers Holdings Inc. and Bear Stearns Cos., the
biggest underwriters of mortgage-backed securities, retreated
after ratings agencies said subprime losses may widen. Ryland
Group Inc., the largest U.S. homebuilder for first-time buyers,
fell after saying it will post a loss.
Read more at Bloomberg Stocks News
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