Stocks extend losses for a second day, Dow down nearly 1%

11:50 am ET Aug 28, 2007

DJIA

13,164

-157.78

S&P

1,446

-20.65

NASDAQ

2,524

-37.12

10Yr

4.53%

-0.068

Stocks extend losses for a second day, Dow down nearly 1%

NEW YORK
U.S. stocks extended their losses Tuesday as Citigroup and other bank
stocks took a hit and investors fretted over a drop in consumer
confidence and coming commentary from the Federal Reserve.

Financial Stocks: Downgrades weigh on Lehman, Bear and Citi

NEW YORK
U.S. financial stocks fell sharply Tuesday after Merrill Lynch
downgraded two top brokerage firms and reports unveiled hefty risk
exposure at State Street.

Economic Report: Consumer confidence falls sharply in August

WASHINGTON
Softening economic conditions and volatility in financial markets led to
a sharp decline in U.S. consumer confidence in August, the Conference
Board said Tuesday, although the fall wasn't as sharp as many expected.

Economic Report: U.S. home prices fall a record 3.2%, Case-Shiller says

WASHINGTON
U.S. home prices fell at a faster rate in the second quarter, down 3.2%
compared with the same period in 2006, Standard & Poor's reported
Tuesday.

Home Depot to net $7.9 billion for HD Supply, keep equity stake

NEW YORK
Home Depot Inc. on Tuesday said it agreed to sell 87.5% of HD Supply to
a trio of private-equity firms for about $8.5 billion -- nearly $2
billion below the original offer for the entire unit -- and keep an
equity stake in the business.