June 19, 2013

News Summary: Stocks retreat on Europe, earnings

BY: AP Staff Writer FEBRUARY 7, 2013 | MODIFIED: FEBRUARY 7, 2013 AT 6:16 PM
Leave a comment

STALL SPEED: Stocks slumped on Wall Street Thursday, and the rally which pushed indexes close to record levels stalled.

EUROPE REDUX: Concerns about the outlook for Europe's economies resurfaced following comments from European Central Bank chief Mario Draghi. He said risks remained on the "downside," and that he'd be keeping an eye on the euro and any impact its strength was having on the euro-region economies.

FALLEN IDOL: Media conglomerate News Corp., which counts "American Idol," and "The Simpsons," among its shows, fell 2.3 percent to $27.56 after it said that underperformance at several businesses including its Fox broadcast network would offset a gain in earnings in the most recent quarter.

View article comments Leave a comment

More from washingtonexaminer.com

From the Weekly Standard

  • Frack to the Future

    Williston, N.D.

    Read More...
  • Downsize Ike

    The beleaguered Eisenhower Memorial Commission holds its next public gathering later this month, and before its members duck-walk into the hearing room, huddled in a hoplite phalanx against a...

    Read More...
  • The Lesson of Kermit Gosnell

    What was the lesson of the Kermit Gosnell trial? Since the Philadelphia doctor was convicted last month of murdering three born-alive infants, two competing viewpoints have emerged.

    Read More...