Markets swoon as anxiety about Europe takes hold

by Blog Burger on May 23, 2012

In an April 16, 2012 photo trader Richard Newman, left, works on the floor of the New York Stock Exchange. Wall Street headed for another day of losses, Wednesday May 23, 2012 with Dow Jones industrial futures down 0.5 percent to 12,410 and S&P 500 futures 0.6 percent lower at 1,306.50. (AP Photo/Richard Drew)The threat of a financial crisis spreading from Europe shook markets on Wednesday. The euro dropped to a nearly two-year low against the dollar. Oil prices sank to their lowest this year, and stocks took another fall.

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