Tension was also fed by the wait for Moody's review of Spain's sovereign rating, which could see country taken down to junk territory. Still, the benchmark indices bounced off session lows after results on Spain's bank stress tests showed an as expected capital shortfall of € 59.3 billion, an amount that Chris Walker, strategist at UBS, said was "comfortably within EFSF
NEW YORK (TheStreet) -- The major U.S. stock averages pulled back Friday to end the third quarter on a down note as investors wrestled with weak reports on consumer confidence and the manufacturing sector.
2012 Stock Predictions and Outlook
|Your one-stop shop for 2012 stock recommendations and market predictions. |