US stocks chase European indexes lower

Federal, state leaders salute Joplin’s recovery

A deadly May twister may have punched a hole in Joplin and Duquesne two years ago, but the resolve to repair it will help other communities stand strong when they face similar disasters. That was the message of state and national diginitaries to a crowd of about 2,500 who observed the second anniversary of Joplin’s devastating May 22, 2011, storm during a ceremony Wednesday in Cunningham Park.

Business

Related Photos

businessnews.jpg

Discussion

May 9, 2012

US stocks chase European indexes lower

Anonymous From The Associated Press The Joplin Globe Wed May 09, 2012, 09:31 AM CDT

NEW YORK — U.S. stocks are plunging in early trading as uncertainty about Europe’s political future dominates financial markets for a third day.

European stocks fell sharply Wednesday, three days after voters in Greece and France threw out leaders who had imposed tough spending cuts to soothe investors. Now Greece is without a government, and many fear France will cut its debt too slowly and fall victim to the region’s spreading debt crisis.

Oil, silver and copper fell sharply as nervousness about Europe fed ongoing fears about the pace of the global economic recovery.

The Dow Jones industrial average is down 121 points at 12,811. The Dow is headed for its longest slide in eight months.

The S&P 500 is down 14 points at 1,349. The Nasdaq is down 31 at 2,915.

Text Only

Business

First Look: New Xbox elegant, but much unknown
Will gamers want One?

May 22, 2013 1 Photo
Median CEO pay rises to $9.7 million in 2012
CEO pay has been going in one direction for the past three years: up.

May 22, 2013
AAA: 31.2M drivers to take Memorial Day road trip
It’s going to be another busy Memorial Day weekend on the nation’s highways.

May 22, 2013
Restaurant learns online reviews can make or break
It was the customer service disaster heard around the Internet.

May 22, 2013
Grocery chain pushes to shift venue of breach suit
A supermarket chain wants an Illinois lawsuit related to a security breach affecting up to 2.4 million credit and debit cards of its customers moved to a federal court.

May 22, 2013
Clearwire board approves higher Sprint offer
Clearwire wants to accept a richer buyout offer made by Sprint this week and is recommending that shareholders vote in favor of it.

May 22, 2013
JPMorgan’s Dimon survives shareholder referendum
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation’s largest bank.

May 22, 2013
Stocks gain on reassurance from a top Fed official
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.

May 21, 2013 1 Photo
Apple’s Cook faces Senate questions on taxes
Apple’s CEO is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates.

May 21, 2013
Sprint boosts buyout offer for Clearwire
Sprint Nextel Corp. is offering 14 percent more than before for the stake in wireless data network operator Clearwire Corp. it does not already own, but a large shareholder said the offer was still inadequate.

May 21, 2013
More Business Headlines