Stocks and Bond Yields Drop on Europe Worries

By: Associated Press
By: Associated Press

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.


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  • by Gerry Location: Tallahassee on Jan 31, 2012 at 12:50 PM
    Gosh, look at this. Another thread with no posts for 5 hours.
    • reply
      by LOL on Jan 31, 2012 at 02:10 PM in reply to Gerry
      They already handed you your hat...maybe they think you're boring.
      • reply
        by Gerry on Jan 31, 2012 at 02:19 PM in reply to LOL
        Good post. I'd guess we won't be seeing you again.
        • reply
          by Anonymous on Feb 1, 2012 at 02:19 PM in reply to Gerry
          how can you see someone on a written post?
  • by Anonymous on Jan 31, 2012 at 07:48 AM
    housing prices dropped again.....this is very good for the average American trying to buy a house.....Obama and his bankers are trying everything they can think of the keep prices artificially inflated to keep the American dream of owning a house away from us average folks.
  • by huh? Location: tally on Jan 31, 2012 at 05:31 AM
    I decided this independent would give you some company. Who are you talking to, your peeps? I know you can't expect your peeps to read this article on the stock market and completely understand it other than it went south for the moment and that is clearly indicated by the headline. The on-going tax debate over "master reginalds" rate of taxation shows that the left (you and your peeps) either does not understand, or wishes to mislead their own constituents about what they're reading when viewing this article. I can only guess for political reasons or class warfare, right? "WE CANNOT FAIL......"? Who told you that? Name your source.Don't speak in absolutes. Your preacher and obama does not count as a source. Lastly, Mr. science and mathematics....I'll make it simple...you grow 2 oranges, borrow 3, eat all of them. Where ya at now? Didn't we just ask for 1.2 trillion more oranges that we didn't grow? Sorry, I really wish I could provide pictures to help you and your peeps to better comprehend the subject at hand.
    • reply
      by Anonymous on Jan 31, 2012 at 05:51 AM in reply to huh?
      Exactly to the point. Because we only "print" the principal there is no other way to pay off the interest without borrowing and printing more and more. Debt spiral something liberal Keynesians don't know about. The interest rates are so low because the Fed is buying it's own paper thus artificially pushing down rates to give the sheeple false confidence in fiat money.
      • reply
        by Gerry on Jan 31, 2012 at 06:36 AM in reply to
        I thought the Fed hadn't bought Treasury debt in over 6 months.
        • reply
          by Anonymous on Jan 31, 2012 at 07:49 AM in reply to Gerry
          A liberal trusting government reports..... dig deep Gerry and figure out why the numbers do not match.
        • reply
          by Gerry on Jan 31, 2012 at 03:58 PM in reply to Gerry
          @Anonymous Good post. The numbers do not match because of the black helicopters. Am I correct?
      • reply
        by Gerry on Jan 31, 2012 at 06:50 AM in reply to
        I hope you understand that posting anonymously means you can say one thing today and its opposite tomorrow. It's really posting without consequences and you never need to acknowledge that you are wrong or have been corrected.
        • reply
          by Gerry on Jan 31, 2012 at 07:07 AM in reply to Gerry
          I hope you understand that posting as "gerry" means you can say one thing today and its opposite tomorrow. (which you do) It's really posting without consequences and you never need to acknowledge that you are wrong or have been corrected.
        • reply
          by Gerry on Jan 31, 2012 at 08:37 AM in reply to Gerry
          @Fake Gerry Actually, I post as Gerry. You're replying to Gerry. Are you confused? I don't understand. If I say one thing today and another tomorrow, that would imply I have no credibility. Then why are you posting using my handle? Well, that's because you're a conservative who can't make a credible case. Why don't you post as Conservative with Integrity if you're so smart and so credible? I am laughing at you.
        • reply
          by Gerry on Jan 31, 2012 at 02:02 PM in reply to Gerry
          @Fake Gerry That doesn't make any sense. If Gerry said one thing today and another tomorrow, he would soon lose all credibility. Why would anybody disguise himself as somebody with no credibility? You should post as "Conservative with Integrity." I am laughing at you.
    • reply
      by Gerry on Jan 31, 2012 at 05:52 AM in reply to huh?
      Saying you're an independent doesn't make it so. You don't get all the jokes. Or perhaps you get the jokes but pretend you don't. There are 2 people (at least) posting as Gerry. Master Reginald Romney is in the top 1% of the 1% and you're not.
      • reply
        by huh again.... on Jan 31, 2012 at 06:35 AM in reply to Gerry
        That's it...attack, or discredit the messenger. What page of Saul Alinsky's book is that on? You did not respond...you deflected from the truth because you can't handle it. I'm happy and successful, I don't have to be in the 1 percent. Sounds like you may be jealous of the 1 percent...
        • reply
          by Gerry on Jan 31, 2012 at 07:09 AM in reply to huh again....
          Saul Alinsky? I thought you were an independent. You said you were an independent. Prove you're an independent. Prove you're happy and successful. Master Reginald is in the top 1% of the 1% and you're not.
        • reply
          by huh on Jan 31, 2012 at 07:37 AM in reply to huh again....
          LOL...now you just proved you're a moron. To actually think that you're important enough for me to have to justify something to you. Enjoy your miserable radical existence. My life speaks for itself. ;)
        • reply
          by Gerry on Jan 31, 2012 at 08:32 AM in reply to huh again....
          You make all sorts of unprovable assertions. That speaks to your credibility. It undermines your credibility.
      • reply
        by Anonymous on Jan 31, 2012 at 12:06 PM in reply to Gerry
        only took huh one blog to figure you out
        • reply
          by Gerry on Jan 31, 2012 at 02:04 PM in reply to
          If you post anonymously, you can say one thing today and another tomorrow and there will be no consequences. You never have to admit you wrong or be shown up as a fool.
  • by Gerry Location: Tallahassee on Jan 31, 2012 at 05:07 AM
    This morning the US borrows for 10 years at 1.86% and borrows for 30 years at 3.01%. The sky is evidently not yet falling. Stay tuned.
    • reply
      by Anonymous on Jan 31, 2012 at 08:27 AM in reply to Gerry
      The keynesians are wondering why none of their government interventions are working.....the Austrians predicted this mess all along and know why record low interest rates are not good.
  • by Gerry on Jan 30, 2012 at 03:09 PM
    Since the U.S. has always been able to borrow we will always be able to borrow. No need to worry folks. Obama will continue to get this economy rolling even better and then we will pay off all this debt out of our future prosperity. WE CANNOT FAIL because we never have before. Trust Obama and all will be well!
  • by Gerry Location: Tallahassee on Jan 30, 2012 at 02:37 PM
    As of right now, the US borrows for 10 years at 1.84%. $15,236,222,907,480.69 US national debt on 1/27/12 $10,626,877,048,913.08 on 1/20/09 $5,727,776,738,304.64 on 1/20/01
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