Stocks lose steam on subprime worries (AP) / Wednesday, January 07, 2009

Stocks lose steam on subprime worries (AP)

July 31, 2007

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Bill Curtis, third from right, CEO of CurtCo Media, celebrates the initial public offering of the Claymore Robb Report Global Luxury Index at the New York Stock Exchange on Monday, July 30, 2007. CurtCo Media publishes the Robb Report. Stock futures lifted Monday, as Wall Street, still jittery about a possible credit crunch putting a crimp in U.S. growth, looked to recover some of its recent losses. (AP Photo/Mark Lennihan)AP - Renewed concerns about soured home loans and the financial solvency of some lenders shot down a continued recovery rally on Wall Street Tuesday, causing stocks to pare sharp gains.