Sunday, 31 July 2011

U.S. Stocks Slump as S&P 500 Index Posts Biggest Decline Since July 2010

U.S. stocks fell five straight days, driving the Standard & Poor’s 500 Index to its biggest weekly loss in a year, as lawmakers’ failure to agree on raising the federal government’s debt limit brought the nation to the brink of default. The S&P 500 declined 3.9 percent to 1,292.28, the biggest ...


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