Bloomberg News

U.S. Stocks Pare Losses on Report Greek Referendum Plan May Fail

November 01, 2011

Nov. 1 (Bloomberg) -- U.S. stocks pared losses following a Dow Jones Newswires report that a Greek Socialist Party official said Prime Minister George Papandreou’s call for a referendum on Europe’s bailout plan is “basically dead.”

The Standard & Poor’s 500 Index lost 2.1 percent to 1,228.21 at 1:35 p.m. in New York after slumping as much as 3 percent earlier.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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