Setback for Stocks with More Worries for Europe
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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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