The financial crisis was back in force this week,casting doubt into the minds of investors.Those old days of 2008 seemed to have returned.Headlines were to be dreaded once again.The Eurozone debt problem generated huge slides in equity prices,raising the possibility that there may be another leg down in a seemingly endless time of economic peril.The S&P was off 6.39 for the week,while the Dow lost 5.71 and the NASDAQ tumbled 7.95.
A positive employment report was all but brushed aside in the climb up the wall of worry.To be sure,the Eurozone issue has been on the radar screen for several months.As a May 19 deadline for Greece approached,however,it came into unnervingly sharp focus,sending rioters into the streets of Athens.A summit of European leaders this weekend to address the problem could hold the market's fate in its hands.In response,the S&P futures were down 15.40 this evening.
The Florida Marlins were leading the Washington Nationals 4-2 in the highly competitive National League East,and golf fans awaited the Players Championship,where Tiger Woods will face Phil Mickelson in another chapter of his return saga.
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