Tuesday, April 27, 2010

Europe Debt Crisis Deepens

April 27 (Bloomberg) -- Most U.S. stocks fell, sending the Standard & Poor’s 500 Index down for a second day, as growing concern Europe’s debt crisis is spreading overshadowed better- than-estimated earnings and consumer confidence.

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Fitch has just cut Portugal's debt rating. The Dollar is surging, the Euro is plunging, gold has risen $20 in ten minutes, and stocks are plunging also.