Equity market turmoil remains a dominant theme as ongoing Euro zone worries are proving to be a major headwind as investors struggle to regain confidence. Europe’s financially fragile health is sparking …
Archive for December 14th, 2011
Dow Notches Third-Straight Drop U.S. stocks fell, as a tumble in the euro currency and rising borrowing costs for Italy kept investor anxiety levels elevated. Leading the declines were energy stocks, as oil prices tumbled.
Europe’s debt crisis will continue to take a toll on U.S. stocks, Cramer said, so use any rallies to raise cash.
Regional stocks: Market drop continues
Following are moves you might have missed. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Part of our "Motley Fool Conversations" series.
THE DOW: The Dow Jones industrial average fell for a third day in a row as a growing sense that Europe’s leaders have failed to contain that region’s debt crisis swept through financial markets Wednesday.
Stocks fell for a third day and hit their lowest level in two weeks on Wednesday as widespread risk aversion sank commodity prices, sent the euro to an 11-month low against the dollar and drove Italy’s borrowing costs to a euro-era high.
Sector swings to a loss at close after trading in the green for most of the day.