Thu, 08 Dec 2011 20:27:20 GMT
US stocks retreat on Drahi's comments
US stocks fell immediately after opening on
Thursday, after ECB President Mario Draghi announced that bank won't purchase
debt of troubled European countries. In New York morning trade Dow Jones
Industrial Average lost 1.3% to 12,116.11 after climbing for 3 days in a row. Standard
& Poor's 500 also gave up 1.3% reaching 1,244.85 while Nasdaq Composite
dropped 1% to 2,623.83.