A rating agency’s threat to downgrade 15 eurozone countries, including Germany, as well as Europe’s bailout fund has added pressure on the region’s leaders to find a lasting solution to their crisis at a summit this week. Chancellor Angela Merkel on Tuesday downplayed Standard & Poor’s warnings, but the possibility that a downgrade of eurozone [...] [...]
The U.S. stock market joined a sell-off around the world today in the first trading since Standard & Poor’s downgraded American debt and gave investors a reason to be anxious. The Dow Jones industrial average fell more than 250 points minutes after the opening bell on Wall Street. It recovered some of those losses, then [...] [...]
U.S. stock futures tumbled Monday amid a rout in global stocks after Standard & Poor’s downgraded the U.S. credit rating for the first time. S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn’t unexpected, but it comes when investors are already feeling nervous [...] [...]
The U.S. stock market took a big hit amid worries of declines in consumer confidence, lackluster global economic growth and fears of a declining euro. The stocks that took the biggest hits were industrial and technology – widely viewed as riskier stocks. The concerns sent investors to “safety assets,” sending the dollar, gold and Treasurys [...] [...]
Once again local home values profiled favorably when compared to Denver or to other states, at least based on results of the latest Standard & Poor’s/Case-Schiller Home Prices Index survey. Denver saw a 5.1 percent decline in home values from January 2008 to January 2009, but the single-digit result paled in comparison to the other [...] [...]
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