US STOCKS-Indexes fall on subprime worries, higher oil

Newswire

(Updates to late afternoon) By Jennifer Coogan NEW YORK, June 25 (Reuters) - U.S. stocks fell on Monday, after trading higher for most of the session, as oil futures edged up close to $70, and on worries that there may be more fallout from problems in the subprime mortgage market. Shares of Bear Stearns Cos. , which is running damage control following the bail-out of one of its two hedge funds that invested in risky subprime mortgages, tumbled more than 5 percent after a Merrill Lynch ...

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