Thu, 24 Nov 2011 07:17:41 GMT
US stocks fall on European worries
On Wednesday US market indexes closed at
about 2% lower as weak German bond auction increased European yields. S&P
500 Index fell 2.2% or 26.25 to 1,161.79, Nasdaq Composite lost 2.4% or 61.2
points to 2,460.08 while Dow Jones Industrial Average declined 2.1% or 236.17
reaching 11,257.55. Phil Orlando, Federated Investors' strategist claims
that investors' confidence of Europe's ability to tackle debt affliction is
ruined.