On Wednesday US equities experienced a
decline during last trading hour as Fitch Ratings reported that US banking
industry is exposed to contagion form Euro region debt crisis. S&P 500
dropped 1.7% or 21 points, Dow Jones industrial average lost 1.6% or 191
points, while Nasdaq composit slipped 1.7% or 47 points. During the day
investors attempted dump bonds of most European countries except Germany.