US Stocks Down on Monday, Global Investors Await ECB Action

Global stocks on Monday rose slightly in anticipation of this week's meeting between the Fed and the European Central Bank. Despite political endorsement, there is still a large amount of skepticism over when more stimulus will actually be provided and if it will be enough, driving the euro down after last week's three-week high against the dollar. CB&I (CBI) announced its acquisition agreement with Shaw Group (SHAW) for $3 billion. HSBC Holdings announced 9% decrease in its first-half earnings and plans to put $2 billion aside to cover scandal fines.
US stocks saw small losses with the Dow Jones, S&P 500 and Nasdaq all in the red by the end of the day.

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Published on Jul 30, 2012
By InvestorGuide Staff

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