Friday, May 21, 2010

Wall Street sinks on euro-zone fears, reform angst


NEW YORK
Thu May 20, 2010 6:23pm EDT

Stocks

Dell Inc.
DELL.O
$14.32
-0.66-4.41%
3:00am GMT+0800
Caterpillar Inc.
CAT.N
$58.67
-2.77-4.51%
3:00am GMT+0800
3M Company
MMM.N
$79.62
-2.92-3.54%
3:00am GMT+0800

Related Video

Trading Specialist Geoffrey Friedman works on the floor of the New York Stock Exchange, May 20, 2010. REUTERS/Brendan McDermid

(Reuters) - U.S. stocks sank nearly 4 percent on Thursday on growing fears the euro zone's efforts to tackle its sovereign debt crisis will fall short, jeopardizing the global economic recovery.

Selling picked up speed late in the day and indexes closed around their session lows after the U.S. Senate voted to end debate on the sweeping overhaul of financial regulation, allowing a final vote on the bill later on Thursday or Friday.

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