Thursday, May 6, 2010

US Stocks Tank but rise off Session Lows

Stocks are posting steep losses in mid-afternoon trading on Thursday, as concerns over the financial and civil chaos in Greece continues to weigh on the markets. The major averages are all in negative territory, extending this week’s downward move.

Yields on 10-year treasury notes dropped the most since September 2008 and the euro fell to a new 14-month low, below $1.26.

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