Setback for Stocks with More Worries for Europe

Business News

0  Updated at 3:50 pm, April 4th, 2012 By: ABC Digital
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iStockphoto/Thinkstock(NEW YORK) — It was a rough session for the markets Wednesday.  Stocks saw their biggest setback in almost a month, with the Dow closing down 125 points, the Nasdaq giving up 46 points and the S&P losing 14 points.
 
Investors became cautious Wednesday after a weak bond auction in Spain sparked new worries about European debt.  
 
Still, the Institute for Supply Management says the nation’s service companies expanded at a healthy pace last month — a positive sign for job seekers.
 
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