Stocks and Bond Yields Drop on Europe Worries
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Posted: 4:30 PM Jan 30, 2012
Stocks and Bond Yields Drop on Europe Worries
The Dow Jones industrial average fell seven points to close at 12,654, a drop of 0.1 percent.
Reporter: Associated Press
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New York, NY (AP) - Stocks closed slightly lower and yields for ultra-safe U.S. government debt fell to their lowest level this year as investors around the world waited for Greece to nail down a deal to reduce its crushing debt.

Borrowing costs for European countries with the largest debt burdens shot higher Monday. The two-year interest rate for Portugal's government debt jumped to 21 percent after trading around 14 percent last week.

The Dow Jones industrial average fell seven points to close at 12,654, a drop of 0.1 percent. The S&P 500 index fell three points, or 0.3 percent, to 1,313. The Nasdaq lost five points, or 0.2 percent, to 2,812.

Nearly two stocks fell for every one that rose on the New York Stock Exchange. Trading volume was light at 3.5 billion shares.

Latest Comments

Posted by: Anonymous on Feb 1, 2012 at 05:19 PM

how can you see someone on a written post?
Posted by: Gerry on Jan 31, 2012 at 06:58 PM

@Anonymous Good post. The numbers do not match because of the black helicopters. Am I correct?
Posted by: Gerry on Jan 31, 2012 at 05:19 PM

Good post. I'd guess we won't be seeing you again.
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