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Thread: U.S. stocks drop more than 3% on Italy debt fears

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    U.S. stocks drop more than 3% on Italy debt fears

    SAN FRANCISCO (MarketWatch) -- U.S. stocks beat a sharp, broad retreat Wednesday as a spike in Italian benchmark yields fanned investor fears that the country wouldn't be able to keep up with its borrowing needs. The Dow Jones Industrial Average DJIA -3.20% fell 389.24 points, or 3.2%, to 11,780.94, its worst drop since Sept. 22. All 30 components were lower, led by a 7% pullback in J.P. Morgan Chase JPM +0.28% shares. The S&P 500 SPX -3.67% lost 46.82 points, or 3.7%, to 1,229.10, its worst day since Aug. 18. The Nasdaq Composite COMP -3.88% sank 105.84 points, or 3.9%, to 2,621.65, also its worst day since Aug. 18
    When will this catch up with the same failing policies of the Obama administration?
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    Cd.'s Avatar
    Cd. is offline Get off my jock! Discussion Leader
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    Fuck Europe and the EU. Why should they get any of the US Money?

    Uncle Sucker sure has deep pockets.
    Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.
    Abraham Lincoln



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    Quote Originally Posted by Cd. View Post
    Fuck Europe and the EU. Why should they get any of the US Money?
    What about the children?
    "A Liberal is a person who will give away everything they don't own."

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