US Stocks Lower as Several Eurozone Downgrades Now "Imminent"
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US stocks have just opened lower following reports from Dow Jones News that the downgrade of several Eurozone countries could be imminent.
On December 5, S&P placed 15 Eurozone counties on watch for potential downgrades.
S&P declined to comment on the downgrades, which are expected as soon as today.
Dow Jones currently down about 100 points, Nasdaq down nearly 19 points, and the S&P 500 is down 10 points.
Disappointing earnings from JPMorgan (NYSE: JPM) is also contributing to morning weakness in stocks.
On December 5, S&P placed 15 Eurozone counties on watch for potential downgrades.
S&P declined to comment on the downgrades, which are expected as soon as today.
Dow Jones currently down about 100 points, Nasdaq down nearly 19 points, and the S&P 500 is down 10 points.
Disappointing earnings from JPMorgan (NYSE: JPM) is also contributing to morning weakness in stocks.
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