Stocks Fall on Subprime Fears
Major U.S. stock indexes finished lower in active trading Wednesday, though they regained most of their earlier losses in the final hour of trading. Investors sold stocks after some earnings shortfalls and a report that two Bear Stearns Cos. (BSC) subprime hedge funds are essentially worthless. It was a sobering snap back to reality for the market after multiple forays by the blue-chip Dow Jones industrial average above the 14,000 mark on Tuesday.
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