Wall Street struggled this session, with stocks ending habitually further south than they started, battered by high oil, uncertainty in the banking sector and continued weakness in housing.
Stocks were pummeled this session, and few remained unbruised as our session ended Nov. 30, 2007. High oil prices combined with the continuously disintegrating credit sector and fears about how that crisis will play out in coming months.
There was no rest for investors in traditionally
sleepy August as Wall Street struggled valiantly to weather the volatility
brought on by the subprime meltdown and subsequent credit woes.