Stocks Tumble amid Subprime Turmoil

Financial issues plunged Friday on a spate of negative mortgage headlines. The Fed will be in a tricky position at next week's meeting

Who said Summer is dead on Wall Street? Major U.S. stock indexes started August with another wild week, capped by an honest-to-goodness rout Friday. Once again, the main culprit behind the sell-off was investor fears over the subprime-loan mess, and the degree to which hobbled credit markets may hinder U.S. economic growth.

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