Tag: bailout package
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Stocks Opened Sharply Lower on Debt Worries
Stocks opened sharply lower on Monday as talks to raise the debt ceiling hit another stalemate and the threat of a U.S. rating downgrade and potential default intensified. The Dow Jones Industrial Average lately fell 117.46 points to 12,563.70. The Standard & Poor’s 500 Index shed 11.30 points to 1,333.723. The Nasdaq Composite Index declined…
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Stocks Break Six Week Loss Streak
U.S. stocks ended moderately higher Friday as hopes for a solution to Greece’s debt problems are helping stocks eke out their first week of gains since April. The S&P 500 and Dow Jones Industrial Average broke a six-week losing streak, ending the five sessions slightly higher. For Friday, the Dow average added 42.84 points, or…