US stocks fall as ratings agencies knock Europe’s fiscal pact

posted by
December 12, 2011
Washington Post    
Posted in News

"Stocks closed sharply lower Monday after doubt emerged that last week’s historic agreement to bind the budgets of European countries more closely together will solve the region’s financial crisis. ... All 10 industry groups in the Standard & Poor’s 500 index fell, led by banks and energy stocks. Falling stocks outnumbered rising ones four-to-one on the New York Stock Exchange." (12/12/11)

 

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