NEW YORK — Stocks are closing at their lowest level so far in July on fresh fears that Europe’s debt crisis will spread beyond Greece to much larger economies.Read the rest here.
Italy, Europe’s third-largest economy, and Spain, its fourth-largest, could be sliding toward default.
The Dow Jones industrial average lost 151 points, or 1.2 percent, to close at 12,506 Monday. The Standard & Poor’s 500 index fell 24, or 1.8 percent, to 1,319. The Nasdaq composite fell 57, or 2 percent, to 2,803.
is the blog of an Orthodox Christian and is published under the spiritual patronage of St. John of San Francisco. Topics likely to be discussed include matters relating to Orthodoxy as well as other religious confessions, politics, economics, social issues, current events or anything else which interests me. © 2006-2024
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