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Jm Morgu News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - MSNBC - 20111213:10:16:00

europe s debt agreement were lukewarm at best. and it sent stocking tumbling monday. both moodies and fitch warned markets the deal didn t go far enough and date ratings in europe may still be downgraded. spanish and italian debt once again soared. italy s 10-wreer note yield again approached the danger zone of 7%. the euro hit a ten-week low against the dollar. gold prices fell to their lowest levels in almost seven weeks. u.s. bond yields fell as investors looked for safety. wall street s losses were wide. most s&p 500 industry groups fell more than 1%. all ten closed negative. banks were among the worst off. morgan stanley, citigroup, bank of america and jm morgu jp m chase all fell. resource stocks also tumbled. oil fell and copper prices plummeted to a near two-week low.

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