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European Debt Crisis Weighed US Stocks, DOW Fell More Than 100 Points

May 16, 2011

Stocks fell rapidly at the mid session on Friday as the common currency dropped and the greenback appreciated, stated Brian Battle, vice president of trading at Chicago-based Performance Trust Capital Partners. The analyst added that stats showed that stocks had climbed more than 6.00% so far this year and were fully valued, meaning stocks had more risk for downside.

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