Financials Ding Markets and ETFs, But Falling Oil Is a Salve
August 12, 2008 at 14:00 PM EDT
More news about the financial sector sent Wall Street and related exchange traded funds (ETFs) lower, but a further drop in oil prices helped soothe some investors. JP Morgan (JPM) said it had racked up bigger losses in its mortgage holdings so far in the third quarter than in the second quarter, reports Tim Paradis for [...]