Friday, December 30, 2011

Summary Box: Stocks fall; S&P 500 negative for '11 (AP)

SHARES OFF: The Dow Jones industrial average Wednesday lost nearly 140 points and the S&P 500 index fell after five days of gains. The S&P is now negative for the year again, after barely turning positive on Friday.

EUROPE WORRIES RESURFACE: The European Central Bank said banks in the continent had parked $590.72 billion with it overnight, surpassing the record set only Monday. That means those banks were less willing to take the risk of making short-term loans to each other, opting instead to earn low interest rates from the ECB.

EURO FALLS: The disclosure also hurt the euro, which fell to $1.291, its lowest level against the dollar since January.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111228/ap_on_bi_ge/us_wall_street_summary_box

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