The Joplin Globe, Joplin, MO

Business

July 20, 2012

US stocks slide as crisis in Europe deepens

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.

 

1
Text Only
Business
Poll

A state lawmaker who is one of two doctors in the Oklahoma Legislature is insisting that unaccompanied immigrant minors being housed at Fort Sill be quarantined. Do you think those kinds of measures should be taken?

A. Yes.
B. No.
     View Results
Facebook
Twitter Updates
Follow us on twitter
NDN Video
Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence NYPD Chief Calls for 'use of Force' Retraining VA Nominee McDonald Goes Before Congress Bush: Don't Worry, Sugarland Isn't Breaking Up US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Raw: First Lady Says `Drink Up' More Water Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City Diplomatic Push Intensifies to End War in Gaza Cat Fans Lap Up Feline Film Festival Michigan Plant's Goal: Flower and Die Veteran Creates Job During High Unemployment