US investors gird for fresh turmoil

Published August 12, 2007

NEW YORK, Aug 11: US investors are girding for fresh stock turmoil in the coming week after riding a market roller-coaster in recent days, which has shaken their confidence in the mortgage and credit markets.

The major US stock market indexes ended the week higher on Friday that a week ago, but investors saw their portfolios whip lashed as uncertainty about the troubled US housing sector and a related credit squeeze swept world markets.

The leading Dow Jones Industrial Average has dived and jumped by over 200 points in recent days, investors have fled mortgage related investments, and the Federal Reserve has injected tens of billions of dollars into the financial system to shore up confidence.—AFP

Opinion

Editorial

Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....