International Investing

Is this supposed to be a soft landing? Its not done yet.

U.S. stocks dropped for a third day, pushing the Dow Jones Industrial Average to its worst weekly decline since August, as concern mounted that more Americans will default on home loans.

Countrywide Financial Corp., Lehman Brothers Holdings Inc. and Bear Stearns Cos. led financial shares lower, sending the Standard & Poor’s 500 Index to its biggest slide in two weeks. Seventy-eight of 88 stocks in an S&P 500 gauge of financial companies fell on speculation loan delinquencies will curb their profit growth.