Tag: borrowing
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Stocks Tumbled Again on Europe Concerns
U.S. stocks posted broad losses Thursday as a jump in borrowing costs for France and Spain at government debt auctions gave investors fresh reason to worry about an impending European debt default. The Dow Jones Industrial Average lost 134.86 points, or 1.13%, to 11,770.73. The S&P 500 fell 20.78 points, or 1.68%, to 1,216.13. The…
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Stocks Dip Friday on Mixed Jobs
U.S. stocks ended lower Friday, taking the shine off weekly gains, as investors weighed better-than-forecast jobs data against concerns over Europe, which were highlighted midsession by a ratings downgrade of Italy and Spain. The Dow Jones Industrial Average fell 20.21 points, or 0.18%, to 11,103.12. It rose 1.7% for the week, its second straight weekly…
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Stocks End Down after Bernanke Offers No New Stimulus
Stocks closed sharply lower Thursday after Federal Reserve Chairman Ben Bernanke offered no new insight into whether the central bank will act soon to prop up the economy. The Dow Jones Industrial Average fell 119.05 points, or 1.04%, to 11,295.81. The S&P 500 lost 12.72 points, or 1.06%, to 1,185.90. The Nasdaq Composite eased 19.80…
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Stocks Rose for Third Day on Deal News
Stocks closed higher for the third straight day on Monday after a $12.5 billion merger offer from Google Inc. helped lure investors back into a market. The Dow Jones Industrial Average gained 213.88 points, or 1.90%, to 11,482.9. The S&P 500 gained 25.68 points, or 2.18%, to 1,204.49. The Nasdaq Composite added 47.22 points, or…