Thursday, February 23, 2012

Wall Street Recap: Dow Jones Takes A Breather

Wall Street Recap: Dow Jones takes a breather
The Dow Jones drifted lower by 27 points to 12939 amid doubts over the latest bailout for Greece after Fitch slashed its rating and said that a default is “highly likely in the near term.”

Sentiment was also dampened by concern of the health of global economic recovery following a report that the euro zone's service sector shrank unexpectedly in February. Adding to market negativity, China's manufacturing sector contracted for the 4th consecutive month in February.



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