U.S. Stocks Drop Sharply Amid Fears About Europe

New York Times by Christine Hauser | Aug. 10, 2011 (News Report)

Stocks on Wall Street finished steeply lower on Wednesday as the financial sector dragged down the broader market, in a sharp reversal from the rally of the previous day.

Financial stocks were down by more than 7 percent at about 4 p.m., in part because of fears about their exposure to French banks as shares in those institutions dropped during European trading.

The broad stock market was affected because big countries like France in the ... Full Story »

Posted by Fabrice Florin - via Memeorandum, NewsRack (Recession), urmi das (t), Wil Kristin (t), David K. Miller (t), Jeremy Caplan (t), Lynnette Fusilier (t), Ish Harshawat (t), Thanh Tran (t), Jaimey Perham (t)

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Subjects: World, U.S., Politics, Business, Living
Topics: Global Economy, European Union, U.S. Economy, Money and Politics, Finance, Money, Deficit, Personal Finance
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Posted by: Posted by Fabrice Florin - Aug 10, 2011 - 5:08 AM PDT
Reviewed by: Fabrice Florin (review)
Content Type: Article
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Edited by: Fabrice Florin - Aug 10, 2011 - 1:13 PM PDT
Related Comments: Global Economy (2)

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 by Fabrice Florin - Aug. 10, 2011
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