May 30, 2012 at 16:17 PM EDT
Stocks Drop More Than 1%, Erasing Prior Gains
U.S. equities were down more than 1% today, erasing Tuesday’s gains. The Dow Jones Industrial Average was down 1.3% to 12,420, while the S&P 500 shed 1.3% to 1,313 and the Nasdaq tumbled 1.2% to 2,837. Once again Europe weighed heavily on investors’ minds, even as officials announced a ‘banking union’ to deal with troubled [...]
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