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A trader with Van der Moolen Specialists watches the market numbers on  the floor of  the New York Stock Exchange, Wednesday, Aug. 1, 2007, in New York. Wall Street stumbled in search of a direction as investors grappled with continued worries about U.S. home loans and the credit market and fresh data on housing and manufacturing. Adding to the market's zigzag, oil prices touched new highs following inventory data. (AP Photo/Henny Ray Abrams)AP - Wall Street shot higher in a last-minute advance Wednesday after careening through a session made turbulent by ongoing concerns about U.S. home loans and the credit market.


FT.com - US equities caved in on Tuesday afternoon, bringing an abrupt end to an earlier global rally as jitters returned to the credit and mortgage markets, while oil closed at a record level.
AP - U.S. Treasury bond prices ended on a strong note Tuesday as stocks fell late in the day on renewed concern over subprime woes.
FT.com - The Japanese yen strengthened during late trading on Tuesday as worries about the turmoil in the credit markets cut short a rally in stock markets and once again dented investor appetite for carry trades.

Traders work on the floor at the New York Stock Exchange July 26, 2007. (Brendan McDermid/Reuters)Reuters - Stocks tumbled on Tuesday as worries about the deteriorating credit market resurfaced with news of another mortgage lending casualty.


Dow Jones’ controlling shareholders give their OK to Rupert Murdoch’s $5 billion offer. But will the big bet pay off for News Corp.?
The Dow loses 146 points on crude's rise and continued worries about financial companies. A third Bear Stearns hedge fund appears to be in trouble. Apple pulls techs lower.

A foreclosed house for sale is pictured in the Green Valley Ranch development in Denver, Colorado July 26, 2007. (Reuters)Reuters - American Home Mortgage Investment Corp , a large U.S. mortgage provider, said on Tuesday it can no longer fund home loans and may liquidate assets, putting its survival in doubt.


Traders work on the floor at the New York Stock Exchange July 26, 2007. (Brendan McDermid/Reuters)Reuters - U.S. stocks tumbled on Tuesday as worries about the deteriorating credit market resurfaced with news of another mortgage lending casualty.


A trader at the Frankfurt Stock Exchange in March 2007. Europe's main stock markets fell further following last week's tumble and amid takeover activity for the banking and chemicals sectors straddling London and Amsterdam.(AFP/DDP/File/Katja Lenz)AFP - Europe's main stock markets rebounded on Tuesday as bargain hunters snapped up cheap shares, following recent sharp losses, amid fresh takeover and company earnings news, dealers said.


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