Stocks tumbled Tuesday, as investors eyed reports that Lehman Brothers may need to raise more capital amid the credit market fallout and Federal Reserve Chairman Ben Bernanke's hints that the central bank will stop cutting interest rates.
U.S. auto sales tumbled in May as buyers fled from pickups and sport utility vehicles in the face of average gas prices that are now just shy of $4 a gallon.
Stocks slipped Tuesday, as investors eyed reports that Lehman Brothers may need to raise more capital amid the credit market fallout and Fed Chairman Ben Bernanke's hints that he'll stop cutting interest rates.