U.S. Stocks Drop Sharply Amid Fears About Europe

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 NewsRack (Recession), Memeorandum, Thanh Tran (t), Lynnette Fusilier (t), Jeremy Caplan (t), David K. Miller (t), Ish Harshawat (t), urmi das (t), Wil Kristin (t), Jaimey Perham (t)
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Posted by: Posted by Fabrice Florin - Aug 10, 2011 - 5:08 AM PDT
Reviewed by: Fabrice Florin (review)
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Edited by: Fabrice Florin - Aug 10, 2011 - 1:13 PM PDT

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