AP News

News Summary: US stocks fall on Europe unrest

MUDDLING ALONG: A mixed report about the housing market and unrest in Europe Wednesday extended the longest losing streak for the Standard & Poor's 500 index since mid-July. The index closed down eight points at 1,433.

COULDA BEEN WORSE: Other risky assets fell more sharply than U.S. stocks. European stocks had their worst day in months. Oil closed below $90 per barrel for the first time since early August.

GREECE STEWS, SPAIN SIMMERS: Unrest threatened to boil over in Greece, where deep budget cuts have eroded people's living standards; and Spain, where citizens are resisting a likely bailout from international lenders.

The Aging of Abercrombie & Fitch
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