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Stocks Slightly Down for the Day (C, EK)

By: , dated March 2nd, 2012
Major indices were down today, only barely managing to keep a multi-week gain streak going. Investors were anxious in part because Spain set lower deficit targets for itself than it had previously agreed to with European leaders, underlining the inherent ungovernability of the eurozone’s fiscal policy. In corporate news, Facebook added Citigroup Inc (C) as one of its lines of credit leading up to its initial public offering. The faltering Eastman Kodak (EK), meanwhile, sold off its online photo service to competitor Shutterfly (SFLY).

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