Debt Worries Hang Over Stock Market

By: Associated Press Email
By: Associated Press Email

Europe's banking troubles and a debate over lifting the U.S. government's borrowing limit helped drag down stock markets in the
U.S., Asia and Europe Monday.

Traders are also keeping watch on negotiations in Washington to raise the U.S. government's debt ceiling. The Treasury Department says the limit must be raised by Aug. 2 or the government risks
defaulting on its debt.

The results of stress tests on European banks released Friday did little to reassure investors.

The Dow Jones industrial average is down 76 points to 12,404 in early trading. The S&P 500 index is down 7 and the Nasdaq is down 15 at 2,774.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WOWT NBC Omaha 3501 Farnam Street Omaha, NE 68131 (402) 346-6666
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 125758188 -
Gray Television, Inc.