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Market Update : 
Wall Street Down 2% on Euro Jitters
Author: Bikram Pandey
123jump.com
Last Update: 4:28 PM ET December 08 2011



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Market indexes in New York closed lower as European leaders gather to find a solution to the growing debt contagion. Market mood soured after the European Central bank did not expand its sovereign bond purchase program. Banks in Europe also need to raise more capital. Initial jobless claims declined

 

 

 

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