Tuesday, May 04, 2010
U.S. stocks drop sharply on euro-zone debt fears
U.S. STOCKS DROP SHARPLY ON EURO-ZONE DEBT FEARS
Wall Street slides as worries over European national debts override
positive quarterly reports from companies including drug giants Pfizer
Inc. and Merck & Co.
TECH STOCKS LEAD MARKET LOWER; NASDAQ DOWN 2.4%
Technology stocks lead the market lower amid worries about the debt
situation in Greece and a report of a potential federal probe into
Apple's licensing requirements for iPhone app developers.
EUROPEAN SHARES TUMBLE AS GREECE WORRIES RETURN
European shares tumbled on Tuesday, with banks sharply lower as
worries about the financial health of Southern European countries
resurfaced, while miners were slammed by a proposed tax hike in
Australia.
EURO HITS FRESH LOW AMID BAILOUT DOUBTS, CONTAGION
The euro slips to a fresh one-year low as currency traders remain
unimpressed by the 110 billion euro ($145 billion) bailout of Greece
finalized over the weekend.
TREASURYS UP AS SOVEREIGN DEBT WORRIES RISE
Treasury prices gain Tuesday, pushing yields down, amid more concerns
that even as Greece gets a bailout, other countries in Europe face
similar financial problems.
