The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi73° Mostly Sunny

Tonight

Lo53° Partly Cloudy

Wednesday

Hi76° Mostly Sunny

Wednesday Night

Lo52° Mostly Clear

Thursday

Hi72° Mostly Sunny

Thursday Night

Lo49° Partly Cloudy and Breezy then Mostly Cloudy

Friday

Hi65° Chance Showers

Friday Night

Lo49° Chance Showers

Saturday

Hi68° Chance Showers

Saturday Night

Lo51° Chance Showers then Partly Cloudy

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