Stocks opened Friday's session in the red and added to their losses throughout the day as the major indices all ended with sizable losses on continuing concerns over European debt issues.
The main culprit was once again Spain, where the benchmark 10-year bond surpassed 7% once again amid renewed concerns that the EU bailout of their dead banking system would hit significant snags in execution.
The session ended four straight days of gains for US stocks.
Dow 12,822.57, -120.79 (0.93%)
NASDAQ 2,925.30, -40.60 (1.37%)
S&P 500 1,362.66, -13.85 (1.01%)
NYSE Compos... 7,759.59, -90.16 (1.15%
NASDAQ Volume 1,817,595, 880
NYSE Volume 3,925,898, 500
Combined NYSE & NASDAQ Advance - Decline: 1679-3870
Combined NYSE & NASDAQ New highs - New lows: 179-91
WTI crude oil: 91.83, -1.14
Gold: 1,582.80, +2.40
Silver: 27.30, +0.09
Saturday, July 21, 2012
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