U.S. stocks drop as financials, energy weigh Glo
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Posted On: 07/05/2012 10:33:49 AM
U.S. stocks drop as financials, energy weigh
Global central banks take measures to boost growth
NEW YORK (MarketWatch) — Stocks on Wall Street dropped on Thursday, while the dollar rallied after the European Central Bank’s president said downside risks to the euro-area growth outlook have materialized, overshadowing positive U.S. economic data.
Investors also digested moves by global central banks. China cut interest rates for the second time in less than a month. In Europe, the Bank of England expanded the size of its quantitative-easing program, while the European Central Bank cut interest rates, as expected. http://www.marketwatch.com/story/us-stocks-dr...2012-07-05
Global central banks take measures to boost growth
NEW YORK (MarketWatch) — Stocks on Wall Street dropped on Thursday, while the dollar rallied after the European Central Bank’s president said downside risks to the euro-area growth outlook have materialized, overshadowing positive U.S. economic data.
Investors also digested moves by global central banks. China cut interest rates for the second time in less than a month. In Europe, the Bank of England expanded the size of its quantitative-easing program, while the European Central Bank cut interest rates, as expected. http://www.marketwatch.com/story/us-stocks-dr...2012-07-05
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