BILL HEMMER, CNN ANCHOR: Back on Wall Street, stocks down again today. Christine Romans watching that, where we have not seen much of a pop this far? Christine? CHRISTINE ROMANS, CNNfn</s>CORRESPONDENT: No, we haven't Bill. In fact, stocks deep in negative territory, but off the lows of this session. Investors continue to worry about the weak economy and after effects of the terrorist attacks. Also, putting investors on edge, negative analyst comments on tech stocks and a surge in weekly jobless claims. Right now, the Dow Jones Industrial Average still losing ground here. IBM down another $3, extending yesterday's sharp declines. The Nasdaq off about 3 percent. Networking stocks are weak here, Cisco Systems hitting a new 52 week low. And Sonus Networks is plunging to 60 percent to $2.42. The networking company warned it will now post a loss for the quarter. Oil prices are up for the second day in a row in New York trading. U.S. benchmark, light sweet crude is up 37 cents a barrel. As expected, OPEC has ratified an agreement to hold its oil output steady, that's despite a wild swing in crude oil prices over the last two and a half weeks. Prices surged to $31 a barrel immediately following the terrorist attacks, and then by this Tuesday, oil prices slumped to their lowest levels in nearly two years, as a fear of a global recession tempered demand. The cost of most home loans dropped again this week. In fact, 30 and 15 year fixed rate mortgages fell to the lowest levels in nearly three years. Those figures come from Freddie Mac, the government sponsored lender. Well, mortgage rates may have lured more home shoppers in August. New home sales rose 6/10 of a percent last month to their highest levels in four months. That's the latest financial news. I'm Christine Romans at the New York Stock Exchange.</s>JUDY WOODRUFF, CNN ANCHOR: All right, Christine, thanks very much.
America's New War: Financial News Update