Kyiv Post. Independence. Community. Trust - World - CNN: Stocks slammed by debt fears

U.S. investors are focused on whether there will be a default or bailout in Greece, and how this will affect the euro and the U.S. dollar.

CNN: Stocks slammed by debt fears

Feb 5, 2010 at 22:40

Stocks sank Friday afternoon as worries about a growing debt crisis in Europe exacerbated uncertainty about the U.S. economic outlook, sending the dollar higher, oil and gold prices lower and pushing investors toward the comparative safety of government debt.

The global jitters overshadowed a U.S. government report that showed moderating U.S. job losses despite an improved unemployment rate.

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