U.S. Stocks Extend Losses on Concern Over European Bank Capital
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U.S. stocks extended losses after the European Banking Authority said the region’s banks will need to raise 114.7 billion euros ($152.7 billion) in fresh capital to weather the sovereign debt crisis.
The Standard & Poor’s 500 Index lost 1 percent to 1,248.59 at 11:03 a.m. in New York.