On the downsideAn erosion in investor confidence triggered a collapse in the shares of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) making it nearly impossible to raise new capital.
In the broad market, declining issues outpaced advancers by a margin
of nearly 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The
Russell 2000 which tracks small cap stocks lost 3 points to 667.