S&P 500 down with news from Europe

Note: This section contains information in English only.
Source: Marketwatch
After straight four day gain, S&P 500 experienced a sharp decline on Thursday, as Dow Jones presented details of preliminary proposal however US benchmark index plunged even further after Reuters reported that Germany opposed several measures in draft proposal. S&P 500 Index lost 2.11% or 26.66 points and closed at 1,234.35 led by financial companies. Hartford Financial Services Group Inc sank 8.2% when the insurer reported it will attempt to reduce extra costs arising from fail recovery. Morgan Stanley gave up 8.4% while Citigroup Inc. tumbled 7%.

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