CNBC.com's News Now: Stocks Slide 2% Amid GM, Credit Worries

Click here to view this newsletter on your mobile device. Wednesday, May. 27, 2009     DOW 8300.02 -173.47 -2.05%   NASDAQ 1731.08 -19.35 -1.11%   S&P 893.06 -17.27 -1.9%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW For Investors, Short Term Is Now a Long-Term Strategy With buy-and-hold almost dead and day-trading still too risky, average investors are being forced to use alternative strategies to make money in this slowly recovering stock market... »read more Stocks Slide 2% Amid GM, Credit Worries Stocks finished near session lows Wednesday as rising bond yields on government debt raised concern that borrowing costs are going to start going up and tamp down the economic recovery... »read more Art Cashin: I'm 'Worried' About Treasury Auction Existing U.S. home sales climbed in April as consumer confidence rose. Reports say GM is close to bankruptcy as tech stocks gain Wednesday. What does this mean for the stock market? »read more TODAY'S TOP 5 VIDEOS 1. OPEC Sec. Gen.   Insight on where the price of oil will go, with Abdalla El-Badri, OPEC secretary general and CNBC's Melissa Francis 2. El-Erian's Outlook   Current perspectives on the future of the economy, with Mohamed El-Erian, Pimco CEO/co-CIO. 3. Obama on Energy/First 100 Days   President Obama shares insight on the stimulus and its impact on the economy. 4. Banks Turn Q1 Profit   The FDIC says the nation's banks turned a profit in the Q1, reports CNBC's Hampton Pearson and Richard Bove, Financial Strategist Rochdale Securities. 5. Stop Trading, Listen to Cramer!   Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.       TODAY'S TOP BLOG   High-End Foreclosures Are Next I heard a startling statistic from the National Association of Realtors this morning…no not that home sales are actually increasing, but something about the high end of the market. Chief economist Lawrence Yun said that the supply of existing homes for sale over $750,000 has reached a forty-month supply. Yep, that means it would take well over three years at the current place to sell off all of those homes. »read more »See All CNBC.com Blogs     FIRST IN BUSINESS WORLDWIDE     (c)2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632

If you'd like to subscribe to this newsletter please visit our member center
Please note that cnbconline@cnbc.com is an unmonitored mailbox. To unsubscribe click here.