Stocks drop as holiday cheer fades amid financial woes

11:46 am ET Nov 26, 2007

DJIA

12,949

-31.05

S&P

1,432

-8.19

NASDAQ

2,581

-14.66

10Yr

3.98%

-0.032

Stocks drop as holiday cheer fades amid financial woes

NEW YORK
U.S. stocks turned lower after a wobbly start Monday, as early signs
that Thanksgiving holiday shoppers weren't as deflated as some feared
were offset by continuing woes among financial firms.

HSBC to provide $35 billion in funds to structured vehicles

LONDON
HSBC Holdings on Monday said it would move two of its structured
investment vehicles onto its balance sheet and provide up to $35 billion
in funding, saying it doesn't expect a near-term resolution of the
funding problems faced by the vehicles that it and other banks operate.

Asia Markets: Hong Kong, Seoul soar to lead Asian rally

HONG KONG
Stocks listed in Hong Kong soared Monday for the second straight
session, as buoyant regional markets and bargain-buying after a string
of recent losses lifted China-related issues such as China Mobile Ltd.

Rio Tinto ups dividend, says shares 'undervalued'

HONG KONG
Rio Tinto on Monday promised to boost its dividend by 30% and laid out
its investment and growth strategy in what it called a "metal-hungry
world," saying the market had yet to fully reflect the miner's true
value.

Vowing end to 'Heathrow hassle,' London expands bursting airport

LONDON
At the headquarters of Heathrow airport's operator, BAA, employees drink
tea out of "Making Heathrow Great" mugs.