Stocks Edge Lower on Worries About China, Greece

By: Associated Press
By: Associated Press

New York, NY (AP) - Two signs of trouble elsewhere in the world pushed U.S. stocks lower: slowing economic growth in China and a possible hitch in a deal to get Greece its bailout money.

The Dow Jones industrial average closed down 15 points to 12,963 Monday. The Standard & Poor's 500 dropped 5 points to 1,364. The Nasdaq composite index fell 26 to 2,950.

China's premier, Wen Jiabao, lowered China's economic growth target to 7.5 percent from 8 percent. That's a negative sign because China's growth has been a cornerstone supporting the global economy since the financial crisis of 2008.

Traders also worried that not enough private investors may participate in a bond swap in Greece necessary to save the country from default.


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  • by Gerry on Mar 6, 2012 at 01:15 PM
    I am so smart I argue on the web with anonymous people.....of course he has taught me many truths
  • by Gerry Location: Tallahassee on Mar 5, 2012 at 02:58 PM
    The last year of the Bush administration, the US accumulated $1.438 trillion in total debt. Since January 20, 2011, the US has accumulated $1.434 trillion in total debt. That's a difference of 4 billion dollars. The time since last January 20, 2011 is about a year and 6 weeks. So the rate at which total debt is growing is definitely decreasing, and is now actually slower than it was in the last year of the Bush administration.
  • by Gerry Location: Tallahassee on Mar 5, 2012 at 02:20 PM
    As of 17:00 ET, Mar 5, the US borrows for 10 years at 2.01%. Total US national debt on 3/2/12 = $15.490 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.863 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
  • by Reagan Republican on Mar 5, 2012 at 02:15 PM
    Bill Gates and Warren Buffett. The two richest men in the US and both Democrats and yet Gerry keeps blaming the rich greedy Republicans for everything
    • reply
      by Gerry on Mar 5, 2012 at 11:15 PM in reply to Reagan Republican
      This is genius level material. "Based on a sample size of 2, I detect the following patterns:..." Ludicrous.
  • by Anonymous on Mar 5, 2012 at 02:06 PM
    If Bush increases debt it is bad and when Obama increases debt it is good according to flip flop Gerry.
    • reply
      by Gerry on Mar 6, 2012 at 05:52 AM in reply to
      It takes quite a lot of courage to post anonymously and indistinguishably from the others who post anonymously. Posting anonymously is a license to flip flop on every issue. You can post opposite viewpoints in one thread. You never have to suffer any consequences for what you say. There is no accountability when you post anonymously.
      • reply
        by Anonymous on Mar 6, 2012 at 07:07 AM in reply to Gerry
        your ranting hasn't changed nothing yet.....keep ranting "gerry" or is this Reagan? and you dodged my point again flip flop. when obama increases debt he is helping stimulate the economy but when bush did it he was bad....hahahahaha flip flop gerry.
        • reply
          by Gerry on Mar 6, 2012 at 08:29 AM in reply to
          Somebody who posts anonymously call somebody else a "dodger." Now, that's funny.
        • reply
          by Anonymous on Mar 6, 2012 at 12:52 PM in reply to
          somebody who responds to anonymous.....
    • reply
      by Gerry on Mar 6, 2012 at 07:08 AM in reply to
      According to my posts Bush stimulated the economy more than Obama. Long Live Bush!!!!!!
      • reply
        by Gerry on Mar 6, 2012 at 08:28 AM in reply to Gerry
        I didn't write the post at 10:08 AM. Fake Gerry is a cyberstalker.
        • reply
          by Anonymous on Mar 6, 2012 at 12:52 PM in reply to Gerry
          says who?
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