NEW YORK - Wall Street was poised to open lower Wednesday as concerns about subprime loans continued to dog the stock market, which declined sharply a day earlier.
The Dow Jones industrial average dropped 148 points Tuesday when Standard & Poor's and Moody's slashed their ratings on hundreds of classes of bonds backed by risky home loans. Troubling forecasts from retailers Home Depot, Sears, homebuilder D.R. Horton, and a spike in oil prices also weighed on stocks.
On Wednesday, Wall Street appeared to be maintaining a cautious stance as it awaited this week's next round of major earnings reports. After the market closes, biotechnology company Genentech Inc. and …
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