Summary
NEW YORK Stocks lost more ground in extremely volatile trading Monday, as investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac.
The market found only slight solace in retreating oil prices.See the full content of this document
Extract
Market Movers
San Francisco Federal Reserve President Janet Yellen said in a speech the financial markets remained fragile, and that it will take time for conditions to improve.
"My expectation is that market functioning will improve ...See the full content of this document
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