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Stocks slide ahead of confidence vote in Greece

Stocks slide ahead of confidence vote in Greece

U.S. stocks are sliding ahead of a confidence vote for Greece's embattled prime minister that may determine whether a European bailout package goes through.
The vote is scheduled for after the market closes Friday. The outcome could threaten to hobble Europe's efforts to control its debt crisis. Investors worry that Greece's weak government may not carry out austerity measures and default on its debt, causing huge losses for European banks.
A report on the U.S. job market was mixed. Fewer jobs were added last month than September, but the unemployment rate edged down to 9 percent.
The Dow Jones industrial average was down 149 points, or 1.2 percent, to 11,892 at midday. The S&P 500 fell 17, or 1.4 percent, to 1,244. The Nasdaq dropped 29, or 1.1 percent, to 2,668.


Updated : 2021-04-19 02:57 GMT+08:00