debt ceiling

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Parasnand Madho
2 Jun, 2011 | 08:22 AM
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Ahead of the Bell: Dow futures are trading up 9 points and S&P futures are trading up 2 points after the equity markets ended a four-day rally yesterday with its worst trading session since last August. Traders are bracing for more choppy trading as other jobs data are due today and Friday, which will provide indications whether the economic recovery is slowing down. Also, Moody's has cut its rating on Greece to Caa1 from B1. The Agency cites growing concerns that Greece will be unable to stabilize its financial position without assistance from the EU to restructure existing debt. ...
Courtney Raio
1 Jun, 2011 | 04:55 PM
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The Dow tumbled over 2.2% today in its worst day since August 11, 2011. The sell-off was sparked by troubling economic data from the ADP jobs report and the May ISM manufacturing index. The slide was compounded later in the afternoon as Moody’s cut Greece’s debt rating again- now seven levels into junk status, and the Dow finished right near the day’s lows. ...