Top 10 News Items 5/18-5/22: S&P Places UK Ratings on Negative O...

Courtesy StreetInsider.com News Articles  Fri, 05/22/2009 - 14:18

Here is a recap of the top news items from this week on Wall Street: 1. Stocks slumped Thursday as S&P moved the U.K.'s ratings outlook to Negative.

The news sparked market-wide fears that the U.S. could soon be next. Selling pressure intensified as PIMCO's Bill Gross appeared on CNBC calling the U.S. and U.K.

"relative twins". While Gross does not believe this will happen, he sees increasing risks of such a possiblity. 2.

Also Thursday, The Office of...

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