The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo68° Clear

Thursday

Hi91° Sunny

Thursday Night

Lo65° Mostly Clear

Friday

Hi87° Mostly Sunny

Friday Night

Lo63° Partly Cloudy

Saturday

Hi85° Mostly Sunny

Saturday Night

Lo61° Partly Cloudy

Sunday

Hi85° Sunny

Sunday Night

Lo61° Mostly Clear

Independence Day

Hi84° Sunny

Wall Street

Send to Kindle
Print This

NEW YORK (AP) — Stocks fell Thursday as worries about the soundness of a European bank spooked U.S. investors, prompting them to sell stocks and snap up less risky assets. Fears emerged overnight about the financial stability of Espirito Santo International, a holding company that is the largest shareholder in a group of firms, including the parent of Portugal’s largest bank, Banco Espirito Santo.

Thursday’s stock selling started in Europe, and spread to the U.S, where the Dow Jones industrial average plunged within the first half hour of trading. But anxiety in the U.S. quickly subsided and the market clawed back in afternoon trading. While the market never fully bounced back, the decline in the Dow was roughly half of what it was at the beginning of the session.

View my options or Sign in