Equities Mid-Day Stock Market Roundup: S&P Warning on U.S. Debt Pounds Stocks

Equities Editors Desk  |

S&P 500, Standard and Poor's 500Stocks have plunged today after Standard & Poor's announced that it was concerned over the U.S. government's ability to control its debt level and deficit spending, and lowered its outlook from stable to negative. While the S&P didn't downgrade U.S. government credit rating, the firm did express that it may in the future. The negative outlook on U.S. credit rating and the fact that the S&P feels it is weaker than other AAA sovereign peers has raised an alarm on Wall Street. U.S. debt currently is rated at the highest level. Some experts believe this should serve as a wake-call to Congress and the White House as the two sides seem to be more concerned over squabbling about politics rather than to find an effective solution to aid the economic recovery.

DJIA: 12,129.31 (-1.72 percent)
S&P 500: 1,298.95 (-1.57 percent)
Nasdaq: 2,715.07 (-1.79 percent)
Russell 2000: 818.04 (-2.03 percent)



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Companies

Symbol Name Price Change % Volume
ATNM Actinium Pharmaceuticals Inc. (Delaware) 0.79 0.02 3.02 1,856,631

Comments

Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.