Stocks in U.S., Europe slide as Treasuries rally
Aug 10, 2011
U.S. stocks tumbled, erasing more than half of yesterday’s rally, while European shares slid and Treasuries rose for a third day amid concern the economic recovery is faltering and the debt crisis is spreading to France. The euro weakened against 11 of 16 major peers, dropping 1.1 percent to $1.4220. The Standard & Poor’s 500 Index sank 2.4 percent at 9:40 a.m. in New York following the gauge’s ...