Financial Times FT.com

Traders remain subdued by financial sector worries

By Anuj Gangahar in New York

Published: August 23 2008 03:00 | Last updated: August 23 2008 03:00

US stocks ended a volatile week lower as investors continued to fret about the health of the financial sector, particularly mortgage giants Fannie Mae and Freddie Mac, and responded to a mixed set of earnings news and economic data.

Stocks staged a rally on Friday after a speech by Federal Reserve chairman Ben Bernanke and a fall in oil prices, but remained in negative territory for the week.

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