Monday, June 18, 2012

Wall Street Still Sees Red Over European Mess

Posted By on Mon, Jun 18, 2012 at 9:22 AM

By the time opening bells rang on Wall Street this morning, the rest of the world's markets had already retreated from earlier enthusiasm over a victory for pro-bailout parties in Sunday's Greek elections.

According to The New York Times, "although reaction from political and economic leaders was broadly optimistic about the chances for the euro-zone, opinions were tempered by the size of the challenges ahead for Greece and for Europe."

And for Americans who dismissed the Greek election as a vague event half a world away, hundreds of thousands of U.S. 401K accounts took a beating this morning when the Dow Jones Industrial Average sank more than 37 points in early trading.

Of local interest, Micron, Hewlett-Packard and IdaCorp were all down this morning.

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