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Published: Tuesday 24 September, 2013

fashion store online fashion store online ?Stocks fall on Europe concerns

stocks fell, erasing the weekly gain fashion store online for the Standard Poor 500 Index, amid growing concern about Greece debt crisis and speculation Congress won pass President Barack Obama $447 billion plan to boost the economy.

Bank of America Corp. and JPMorgan Chase Co. slipped at least 1.6 percent, following declines in European lenders. Chevron Corp. and Alcoa Inc. dropped more than 1.8 percent as a rising dollar undermined the appeal of commodities. McDonald Corp., the world largest restaurant chain, slumped 4.2 percent as August sales trailed analysts estimates. in New York. The gauge was down 0.3 percent since Sept. 2, headed for its second weekly drop. The Dow Jones Industrial Average declined 181.45 points, or 1.6 percent, to 11,114.36.

market will be jittery, James Dunigan, chief investment officer in Philadelphia for PNC Wealth Management, said in a telephone interview. The firm oversees $109 billion. that nagging thought that we can continue to have a downward spiral in Europe. There concern of a default, of risk in banks, of a liquidity crisis. gauges fell yesterday as Federal Reserve Chairman Ben S. Bernanke disappointed investors by not detailing new plans to boost growth in the world largest economy in a speech to economists in Minneapolis. Bernanke stopped short of signaling what he thinks is the Fed best option to aid the economy, repeating points from his speech on Aug. 26 in Jackson Hole, Wyoming.

Global stocks fell today and German twoyear yields declined to a record. Ministers from the Group of Seven nations will meet in Marseille, France, amid mounting bets on a Greek default. Congress to pass a $447 billion jobs plan tilted heavily toward the Republican prescription of tax cuts. The president, speaking before a joint session of Congress, demanded six times that lawmakers act away. people hoping for a quick injection of economic activity, that not what Obama plan portends, Peter Sorrentino, a senior money manager at Huntington Asset Advisors in Cincinnati, said in a telephone interview. The firm oversees $14.8 billion. a perception that it going to be difficult to pass it. Some people are concerned that it might not have worked last time. So, why would this be any better?

The Morgan Stanley Cyclical Index of companies whose earnings are mostdependent on economic growth dropped 1.7 percent. The KBW Bank Index of 24 stocks slumped 1.8 percent.

Bank of America retreated 1.6 percent to $7.09. JPMorgan declined 3 percent to $32.52. Chevron lost 1.9 percent to $96.58. Alcoa fell 1.8 percent t fashion store online o $11.82.

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