Anxiety surrounds Fannie, Freddie

(01:58) Report

Jul. 10 - Investor speculation about the future of home lending giants Fannie Mae and Freddie Mac grew worse as the credit crunch spreads.

  • On Wall Street, stocks finished a tumultuous session higher.
  • The Dow rose 81 points to 11,220.
  • The S&P 500 gained 8 points to 1,253.
  • The Nasdaq climbed 22 points to 2,257. Crude oil surged $5.60 to $141.65 a barrel. Conway Gittens reports from New York.

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