Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, December 15, 2010

Wednesday

Stocks fell slightly as investors fretted over euro-zone finances, but encouraging U.S. economic data limited the decline. The euro slipped after Moody's Investors Service said it may downgrade its ratings on Spanish government debt, and Standard and Poor's Ratings Services lowered its ratings outlook on Belgium from stable to negative. The warnings added to investors' worries over the euro zone even as U.S. data showed New York manufacturing activity roared ahead this month after contracting in November. U.S. industrial production staged a modest rebound in November following a brief drop-off. Capacity utilization bounced back as well. DJIA -19.07 Nasdaq -10.50 S&P 500 -6.36.