Equities Market Roundup: U.S. Stocks Dive on EU Debt Crisis

Equities Editors Desk  |

S&P 500, Standard and Poor's 500Stocks on Wall Street plunged to start the week today as attention shifts to the ongoing financial troubles of the European Union. Investors fear that the inability to reign in problematic economies like Greece, Portugal and Ireland could spread to larger problems around the world. It seem's that Greece's debt problems may also affect the perception of surrounding nation's as well. Italy's credit outlook was downgraded today by Standard & Poor's, but is still seen as stable by the other two major ratings agencies. Meanwhile, last week's major news was the success of LinkedIn's (NYSE: LNKD) IPO, which ended the first day trading over 109 percent from its initial offering price. Though shares of the social network were offered at $45, the stock closed the day at $94.25 and even traded as high as $122.70. The exuberance may be fading, however, as shares of LinkedIn are down nearly 9 percent on the day and trading around $85.

DJIA: 12,361.36
S&P 500: 1,315.93
NASDAQ: 2,756.96
Russell 2000: 815.65

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Symbol Name Price Change % Volume
TMK Torchmark Corporation 83.47 -0.50 -0.60 386,630 Trade


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