Stocks slide; S&P 500 turns negative for year (AP)

By admin on December 29th, 2011

FILE - In this Dec. 20, 2011 file photo, traders John Panin, center, and Robert Charmay, right, work on the floor of the New York Stock Exchange. A pair of successful bond auctions that raised $14 billion for Italy forced down the interest rate the country pays on its debt and boosted European markets on Wednesday, Dec. 28, 2011. (AP Photo/Richard Drew, File)AP – Stocks weakened Wednesday, ending a five-day advance in the S&P 500 index, as new signs of strain emerged in the European banking system. The euro fell to its lowest level against the dollar in nearly a year and Treasurys rallied.


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