Tag: trouble
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Stocks Close Sharply Lower on Warnings Over Europe
U.S. stocks posted steep declines Wednesday after a rating agency signaled trouble ahead for U.S. banks should Europe’s debt trouble worsen. The Dow Jones Industrial Average lost 190.57 points, or 1.58%, to 11,905.59. The S&P 500 Index declined 20.89 points, or 1.66%, to 1,236.91. The Nasdaq Composite Index shed 46.59 points, or 1.73%, to 2,639.61.…
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Stocks Higher on Europe Reports
Stocks pushed higher in afternoon trading Wednesday on reports tied to European efforts to resolve its debt trouble. The Dow lately was up 150.23 points, or 1.28%, to 11,856.85. The S&P 500 Index added 12.89 points, or 1.05%, to 1,241.94. The Nasdaq Composite Index added 12.67 points, or 0.48%, at 2,651.09. Agence France-Presse reported that…