No Shaking Off Euro Jitters

Thu, 05/17/2012 - 16:19 EDT - Seeking Alpha

Dow Jones Industrial Average down 156.06 (-1.24%) to 12,442.49
S&P 500 down 19.94 (-1.51%) to 1,304.86
Nasdaq Composite Index down 60.35 (-2.10%) to 2,813.69

GLOBAL SENTIMENT

Nikkei 225 up 0.86%
Hang Seng Index down 0.31%
Shanghai China Composite Index up 1.39%
FTSE 100 down 1.13%

U.S. stocks slid on Thursday, accelerating their losses as the closing bell approached after Fitch cut Greece's sovereign rating to 'CCC," citing the country's possible exit from the eurozone as a reason to downgrade. Earlier, stocks trended negative following a disappointing gauge of manufacturing in the Philadelphia region. Manufacturing in the mid-Atlantic Coast region sank to a -5.8 reading this month from a 8.5 score in April, the Philadelphia Federal Reserve Bank reported. Experts polled by MarketWatch were expecting an increase to 10.0 this month as the index posted its first negative reading since last September. Also contributing to the negative tone was the ConferenceComplete Story »

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