Associated Press | Stocks are sliding for a fourth day on more worries about how Europe is handling its debt crisis. The Dow Jones industrial average dropped below the psychological
barrier of 10,000 and is down 100 at 9,965. The Standard & Poor’s
500 index is down 11 at 1,060, while the Nasdaq.
The drop Friday comes a day after major indexes posted their biggest
declines in more than a year. That pushed the market to “correction”
mode, or a sharp decline from a recent peak.
Investors again looked to Europe for direction. The German parliament approved the country’s share of a $1 trillion plan to help contain debt problems in Europe, but major European stock indexes still fell more than 1 percent.
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