U.S. stocks slide for third straight session

Date: Mon, 17 May 2010 12:01:10 -0400

U.S. STOCKS SLIDE FOR THIRD STRAIGHT SESSION
Wall Street extends losses after the euro falls to a four-year low and
a forecast from home-improvement retailer Lowe's Companies Inc. weighs
on sentiment.

GOLD FUTURES REVERSE DIRECTION TO POST GAINS
Gold futures shrug off early weakness but encounter some dollar headwinds.

EURO TRIMS LOSS AFTER HITTING 4-YEAR LOW
The dollar holds small gains on most major currencies, though the euro
finds support after hitting a four-year low against the greenback.

TREASURYS INCH UP AS EURO HITS FOUR-YEAR LOW
Treasurys squeeze out early gains, playing off U.S. data on net
foreign purchases of long-term securities as well as the latest moves
in dollar-euro trading.

MORE HOMEOWNERS OPT TO QUIT PAYING MORTGAGE
"Strategic defaults" are on the rise as more borrowers who are
underwater on their home loans decide it's not worth it to stay
current on their payments each month. That trend could have
repercussions for the housing market, and for borrowers, in the
future.