Jul 30 - Stocks closed higher on Monday on the heels of one of the worst weekly selloffs in nearly five years.The Dow surged 93 points. The Nasdaq added 15 while the S&P 500 gained 21.
Ingersoll-Rand lifts industrial stocks.
Reuters Estimates revises Q2 profit growth higher.
American Home Mortgage shares plunge 40%.
Jeanne Yurman reports from New York.
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Tuesday, July 31, 2007
Stocks rebound after major selloff
Mortgage worries plague Wall St.
Jul 30 - Investors were spooked last week by the prospect that problems in the mortgage market extend well beyond the subprime segment.The selloff in stocks suggests that many on Wall Street are expecting credit markets to weaken with a continued slump in the U.S. housing market. However, optimists say the market may be approaching a bottom.
Jeanne Yurman reports from New York.
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Funny Advertisment (Ameriquest )
A funny advertisment showing what looks like a guy eating some dog poop. Don't worry, he isnt really!
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How do foreclosures effect the mortgage industry guidelines?
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