Articles
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Lack of ECB bond-buying plan sends stocks lower
FINANCIAL markets slumped yesterday after the head of Europe’s central bank dashed hopes that the bank was preparing to help extinguish the region’s debt crisis.
The Dow Jones industrial average dropped nearly 200 points on a day when investors around the world reacted to every word spoken and rumor spread at a summit of European Union leaders.
The markets could be headed for another wild ride on Friday as European officials try to strike a deal to mandate greater oversight of government budgets.
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