Technology Sector Leads Wall Street Stocks As Banks Fall

At the end of trading today, the mainstream stock market was actually little changed as declines in banking stocks were made up for by rises in the technology sector.

Banking stocks were falling as investors were worried about home loan losses that banks may have sustained as a result of the subprime mortgage market beginning to crack.

Energy stocks were also down on Wall Street with a fall in oil prices.

The Dow closed at 13,095.58 down 17.80 (-0.14%) and the NASDAQ finished at 2,557.05 falling 8.65 (-0.34%) and the S&P 500 closed at 1,448.16 for a loss of 5.39 (-0.37%).

How do you think the mortgage and home loan crisis will continue to affect Wall Street?

Source