Stocks down again on more evidence of weak housing market

Date: Tue, 08 Jul 2008 12:03:13 -0400
Stocks down again on more evidence of weak housing market

NEW YORK
U.S. stocks on Tuesday twisted lower in indecisive trade as comments
from Federal Reserve Chairman Ben Bernanke offered only some respite
from credit-market jitters and as an index offered further evidence of a
weakened housing market.

The Fed: Bernanke seeks new regulatory powers for Fed

Federal Reserve Chairman Ben Bernanke says the Fed should have
additional powers to prevent and limit financial market turmoil. .

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Shares of big mortgage-buyers Fannie Mae and Freddie Mac begin to
recover from their earlier losses after comments by analysts and
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