Stocks Continue to Slide as Troubles Persist in Europe


0  Updated at 3:18 pm, May 17th, 2012 By: ABC Digital
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Hemera Technologies/Thinkstock(NEW YORK) — Worry over the shaky situation in Europe forced the markets down again Thursday.
The Dow had its 11th loss in 12 days, closing down 156 points at 12,442. The Nasdaq gave up 60 to close at 2,813, and the S&P fell 20 points Thursday, closing at 1,308.
A temporary Greek cabinet, to be in power until at least next month’s election, has been sworn in. Spain, meanwhile, was forced to pay sharply higher interest rates to raise more than $3 billion at a debt auction.
There’s no change in the number of people seeking unemployment benefits last week. The four-week average, a less volatile measure, fell from roughly 380,000 to 375,000.
Copyright 2012 ABC News Radio

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