U.S. stocks end lower for second day, pressured by financials

Date: Tue, 03 Jun 2008 17:04:57 -0400

U.S. stocks end lower for second day, pressured by financials

U.S. stocks extend losses with sentiment alternately buoyed by a
stronger-than-expected rise in factory orders but darkened by a report
that Lehman Brothers Holdings Inc. might have to raise additional
capital. .

Cars gain, but trucks push U.S. May sales sharply lower

Ford, GM and other auto makers deliver still more evidence of just how
brutal it has become to sell big trucks and SUVs in the face of
record-high gas prices and a slumping U.S. housing market.

GM to close four truck plants, shifting product mix toward cars

General Motors Chief Executive Rick Wagoner says the auto maker plans to
boost its product mix to 60% cars from 50%, with four plants that make
trucks slated to close.

Soros says commodity bubble echoes run-up to '87 crash

Celebrated investor George Soros says the investment flood into
commodity indexes bears eerie similarities to the craze for portfolio
insurance that led to the stock market crash of 1987.

The Fed: Fed's Bernanke defends the dollar, cites economic fallout

Breaking a long-standing tradition of relative silence on the dollar,
Fed Chairman Ben Bernanke signals discomfort with the ramifications for
the U.S. economy from the greenback staying weak.