U.S. stock losses intensify on Fed worries about economy

Date: Tue, 08 Apr 2008 21:06:03 (GMT)
U.S. stock losses intensify on Fed worries about economy

U.S. stocks decline after quarterly earnings disappoint investors and
struggling thrift Washington Mutual Inc. cuts its dividend and draws $7
billion in capital, adding to concerns about financials.

MarketWatch First Take: Investor pessimism the only sure thing

BOSTON
There must be a way for survey results to get lower than the level of
"pervasive gloom," but investors won't find out for at least another
month.

Economic Report: CORRECT: Index of pending home sales down 1.9% in
February: NAR

In a sign that the U.S. housing market may weaken further, an index of
sales contracts on previously owned homes fell 1.9% in February from the
prior month, the National Association of Realtors reported Tuesday.

MarketWatch First Take: Nostalgia can't save Starbucks

Of course, one new roast will not turn Starbucks around, but the move is
just one of many actions the struggling coffee-shop operator is
implementing to help reverse its sagging fortunes.

Apple cut to bearish rating on worries of slowing economy

Apple faces a rare occurrence -- a Wall Street analyst telling his
clients to sell shares of the popular consumer-electronics maker.