Sunday, December 18, 2011

Fitch warning drags Wall Street lower (Reuters)

NEW YORK (Reuters) ? Stocks extended losses on Friday, with the Dow industrials and the S&P 500 falling into negative territory after Fitch threatened to cut the ratings of several euro zone nations, reigniting worries about the region.

The Dow Jones industrial average (.DJI) dropped 37.39 points, or 0.32 percent, to 11,831.42. The S&P 500 Index (.INX) edged up 0.43 point, or 0.04 percent, to 1,216.18. The Nasdaq Composite (.IXIC) gained 9.04 points, or 0.36 percent, to 2,550.05.

Fitch warned it may downgrade the rating of six EU nations in the absence of a "comprehensive solution" to the region's debt crisis.

(Reporting by Rodrigo Campos; Editing by Jeff Benkoe)

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/nm/20111216/bs_nm/us_markets_stocks

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