BREAKING NEWS: Euro financial crisis looms - WSFA.com Montgomery Alabama news.

Breaking News

BREAKING NEWS: Euro financial crisis looms

By STEPHEN BERNARD
AP Business Writer

NEW YORK (AP) - Stocks are retreating for the third straight day on persistent worries about whether a Greek debt crisis will spread across Europe.

The euro again hit a 14-month low against the dollar, which is a sign that investors don't have confidence a Greek bailout will give Europe the long-term solution for its debt problems.

Stocks are also being dragged down by reports showing new claims for jobless benefits fell less than expected. Productivity jumped more than forecast, but that was due in part to a drop in labor costs. Retailers also are reporting mixed April sales results.

The Dow Jones industrial average is down 23.66, or 0.2 percent, at 10,844.46. The Standard&Poor's 500 index is down 3.15, or 0.3 percent, at 1,162.75, while the Nasdaq composite index is down 11.48, or 0.5 percent, at 2,390.81.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

  • Trending StoriesTrending StoriesMore>>

  • Severe reaction to new sandals leads woman on a painful path

    Severe reaction to new sandals leads woman on a painful path

        One woman wants to warn people about her painful path, the result of a severe and debilitating allergic reaction.  She had no idea what she was allergic to until she visited a fourth emergency room in two weeks.    

    More >>

    One woman wants to warn people about her painful path, the result of a severe and debilitating allergic reaction. She had no idea what she was allergic to until she visited a fourth emergency room in two weeks.    

    More >>
  • 'The Phantom' serial killer of children out of prison, living in Tucson

    'The Phantom' serial killer of children out of prison, living in Tucson

    Thursday, April 27 2017 12:17 AM EDT2017-04-27 04:17:43 GMT
    Friday, April 28 2017 11:32 PM EDT2017-04-29 03:32:02 GMT
    Convicted killer William Huff was spotted riding his bicycle through a Tucson neighborhood. (Source: 3TV/CBS 5)Convicted killer William Huff was spotted riding his bicycle through a Tucson neighborhood. (Source: 3TV/CBS 5)

    William Huff terrorized Sierra Vista during the spring and summer of 1967. Despite a sentence of 40 years to life, the Arizona Board of Executive Clemency voted to release him from prison into home arrest. Family members of the victims are concerned for the safety of the community, as are new members of the Clemency Board. CBS 5 Investigates videotaped Huff riding a bike through his Tucson neighborhood. There are no restrictions placed on his proximity to children.

    More >>

    William Huff terrorized Sierra Vista during the spring and summer of 1967. Despite a sentence of 40 years to life, the Arizona Board of Executive Clemency voted to release him from prison into home arrest. Family members of the victims are concerned for the safety of the community, as are new members of the Clemency Board. CBS 5 Investigates videotaped Huff riding a bike through his Tucson neighborhood. There are no restrictions placed on his proximity to children. 

    More >>
Powered by Frankly