US stocks slide as crisis in Europe deepens

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

July 20, 2012

US stocks slide as crisis in Europe deepens

Anonymous From The Associated Press The Joplin Globe Fri Jul 20, 2012, 09:20 AM CDT

NEW YORK — U.S. stocks are opening lower, pushed down by troubling news about the debt crisis in Europe.

The Dow Jones industrial average is down 76 points to 12,867 in early trading Friday. The Standard & Poor’s 500 is down eight to 1,369. The Nasdaq composite index is down 13 to 2,952.

Bank stocks are down after many big lenders reported disappointing earnings. Tech stocks, including Google and Microsoft, are up. Google’s earnings rose as it persuaded users to click more often on online ads.

In Europe, the countries that use the euro officially approved a bailout for Spanish banks. But Spain’s major stock index is down 4 percent after the country predicted its recession will drag into 2013. Protestors took the streets to show disapproval for government spending cuts.

Text Only

Business

Stocks mixed as investors reassess Fed worries
Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower.

May 23, 2013 1 Photo
Between economy and trouble, Obama approval steady
The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.

May 23, 2013
Other companies challenging contraception mandate
Hobby Lobby Stores Inc. is challenging the part of the federal health care law that requires for-profit companies to offer employees health coverage that includes products the business owners find morally objectionable, such as certain types of contraception.

May 23, 2013
Stricken Japan nuke plant struggles to keep staff
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant’s operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it.

May 23, 2013
Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.

May 23, 2013
Ammonia leak at Kan. plant sends 7 to hospital
Seven people have been released from an Emporia hospital after an ammonia leak at the city’s Tyson Foods plant.

May 23, 2013
Markets roiled by Nikkei’s 7.3 percent slide
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.

May 23, 2013 1 Photo
BP donates $500K to Moore tornado relief effort
Oil company BP is donating $500,000 to the tornado relief effort in Moore.

May 23, 2013
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
More Business Headlines