среда, 14 марта 2012 г.

US stocks turn higher as investors set aside some unease over banking sector

Stocks turned higher Friday as investors set aside lingering concerns about the economy and considered whether the market's downtrodden mood in recent weeks has left stocks oversold.

Stocks have fallen in six of the past seven sessions as investors have fretted about whether consumers would succumb to higher energy prices, rising mortgage costs and an anemic dollar. Continuing credit turmoil has also stirred concerns about the soundness of corporate balance sheets and profits.

Financial stocks fell, partly due to a Fortune online story that raised the possibility the mortgage lender could be masking the true magnitude of credit-related hits to its profits. …

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