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Published: Wednesday, 5/19/2010

Stocks slide after investors focus on Europe woes


NEW YORK — Another wave of selling hit stocks after fears grew that Europe has no quick fix for its debt crisis.

The extent of investors' worries has become clear Wednesday after the euro bounced off a four-year low but stocks still fell. The euro has been driving stock trading for weeks.

A decision by Germany to limit some risky trades was a reminder of the disarray in Europe.

The Dow Jones industrials have dropped for a second day, losing 66 to end at 10,444. The Dow had been down as much as 186. The Standard & Poor's 500 index is down 5 at 1,115. The Nasdaq composite index is down 18 at 2,298.

Four stocks fell for every one that rose on New York Stock Exchange. Volume totaled 1.6 billion shares compared with 1.5 billion Tuesday.

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