Stock Little Changed in Early Trading With Dollar General (DG) and Starbucks (SBUX) on the Move
Posted on June 05, 2012 at 10:51 AM EDT
Stocks struggled for direction in early trading after services-sector activity unexpectedly accelerated and officials from industrialized nations discussed the European crisis. Debt problems in Europe, which have sent the market to steep losses over the past few weeks, including a 275-point plunge in the Dow on Friday, weren't far from anybody's mind on Wall Street. Finance chiefs from the world's seven wealthiest nations held an emergency meeting by telephone to talk about the spiraling crisis. The German finance minister said he would oppose watering down the budget cuts that stronger countries like Germany want to impose on weaker countries like Greece. The Spanish finance minister said that the amount of money that would be needed to prop up t...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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