Wall Street Roundup: Breaking the streak. Raters under scrutiny.

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Gold: Trading now at $1,528 per ounce, down 0.1% from Thursday. Dow Jones industrial average: Trading now at 12031.64, up 0.6% from Thursday.

Breaking the streak. Stock indexes headed up this morning and are on track to end in the black for the week -- after six weeks in the red.

Worry on Wall Street. Yet another report is indicating that Wall Street could be in for layoffs and retrenchment. The latest bad indicator is one analyst’s report this morning indicating that Goldman Sachs’ second-quarter earnings could be even worse than he expected.

Raters under scrutiny. The ratings agencies have largely avoided punishment for their role in encouraging the subprime mortgage bond bubble; that may change.

-- Nathaniel Popper

Reuters