US stocks fell for a second day as Germany’s ban on certain bearish investments and a jump in mortgage foreclosures to a record triggered a flight from equities. Boeing Co., United Technologies Corp. and 3M Co. slid more than 1.6% to help lead declines in the Dow Jones Industrial Average. American Apparel Inc. slumped 24% after saying it anticipates it won’t be in compliance with debt covenants. Equities pared losses as the euro extended its rebound from a four-year low against the dollar and the Federal Reserve said it was in no hurry to sell mortgage assets.
US stocks drop on German short restrictions, foreclosures
Most Popular Articles
Latest Articles
11 real estate events & conferences to help you thrive in 2024
Forge new connections at these in-person events and conferences that can help take your career to the next level.
-
In quest to grow reverse business, US Mortgage Corporation hires Krajewski
-
NAR wants VA to change rules that prohibit veteran buyers from paying broker commissions
-
Renters gain financial edge over homebuyers in key U.S. markets: Realtor.com
-
Reverse-centric Ibis Software appoints Sivori to board of directors
-
Clear Capital extends its partnership with Cherre