Thursday, May 20, 2010

Europe debt woes continue to batter U.S. markets

USA Today
May 19, 2010

European leaders' failure to quell persistent worries about a government debt crisis rattled stock, bond and currency markets Tuesday.

The Dow Jones industrial average fell 115 points to 10,511, a loss of more than 1%. The yield on 10-year Treasury securities, which moves opposite the price, fell to 3.35%, its lowest in five months. And the euro hit a four-year low of $1.22, likely just a pit stop on a continuing downhill run.


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