U.S. stocks erase gains to close lower on credit fears

4:03 pm ET Aug 13, 2007

DJIA

13,236

-3.01

S&P

1,452

-0.72

NASDAQ

2,542

-2.65

10Yr

4.78%

+0.002

U.S. stocks erase gains to close lower on credit fears

NEW YORK
U.S. stocks reversed early gains to end slightly lower Monday, as
investors weighed news that Goldman Sachs injected $3 billion in one of
its troubled hedge funds against worries over when the next
credit-related landmine might hit.

Economic Report: Trend of tighter mortgage standards continues: Fed

WASHINGTON
U.S. banks continued to tighten their standards for approving mortgage
loans in the spring and early summer months, the Federal Reserve said
Monday.

Funds tied to quant and hedge strategies take beating

SAN FRANCISCO
If you own shares of leading asset-managers, hold on. More volatility
could be in store as credit concerns shake out in the coming weeks.

The Stockpickers: Small-cap manager looks for entry-level growth

BOSTON
Running a portfolio that targets some of the market's smallest stocks
allows Nancy Prial to buy growth opportunities, often in overlooked
areas, and ride them before the rest of the market piles on.

Bonuses on Wall Street will be largely unaffected by turmoil

NEW YORK
Wall Street bonuses will see a modest impact from recent woes in the
market, according to a survey released Monday by Johnson Associates
Inc.