U.S. stocks drop sharply on talk from Spain NEW
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Posted On: 08/30/2012 12:16:50 PM
U.S. stocks drop sharply on talk from Spain
NEW YORK (MarketWatch) — U.S. stocks fell sharply Thursday after reports Spain had postponed a decision on requesting a sovereign bailout.
In Madrid, Spanish Prime Minister Mariano Rajoy held talks with French President Francois Hollande, with both men calling on the European Central Bank to act to lower borrowing costs for euro-area nations.
Rajoy told a news conference he would move on any rescue requests only after he knew the conditions being offered, Bloomberg News reported. http://www.marketwatch.com/story/us-stocks-dr...2012-08-30
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