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Wall Street falls as Spain bailout feared
From: Yahoo! News - Latest News & Headlines — 20th July 2012 at 18:17
U.S. stocks fell on Friday as Europe's debt crisis flared up again on fears Spain may eventually need a bailout, prompting traders to cash in three days of gains. The news that the heavily indebted region of Valencia asked Madrid for financial aid interrupted a period of relative calm for Wall Street and raised the specter that the euro zone's fourth-largest economy may itself need to be rescued. Bank shares, sensitive to signs of trouble in Europe, were among the biggest losers. The KBW bank index fell 1.9 percent, taking its weekly decline to 2.3 percent. ...
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