2. Stocks were under pressure at the open Wednesday, amid ongoing concerns over high borrowing costs for heavily-indebted euro zone nations, but some encouraging economic news limited some of the losses.
All 30 Dow components opened lower, led by Merck.
3. Stocks came off their worst levels Wednesday, but were still under pressure amid continued concerns over the euro zone and oil's rally above $100 a barrel.
Alcoa slipped, while Home Depot gained.
4. Investors Too Worried About Europe: German Bank Economist.
5. Stocks took a late slide after Fitch Ratings put out a report saying U.S. banks could take a big hit if Europe's debt crisis spreads.
6. Forget about Greece and Italy,Spain next agenda--Spain has come to the forefront of the European markets agenda again this week as yields on its debt soared and it prepared for a new government.
--. Spain's budget deficit is higher than the 6 percent of GDP target for 2011 are widespread. The European Union target is 3 percent – and Spain's deficit was 9.2 percent of GDP in 2010.
--.Yet reducing the deficit will be a long, grim task for Spain and the Spanish people, already suffering from declining property prices and youth unemployment at close to 50 percent.
.Economists at Credit Suisse believe Spanish workers need to have an 11 percent cut in wages over the next 5 years to restore competitiveness.
--. Unlike Italy, Spain has already enacted a series of harsh measures to tackle its deficit, without huge success so far.
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