Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.S. Stocks Extend Drop as S&P Says It May Cut EU, Europe Banks

U.S. Stocks Extend Drop
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Photographer: Jin Lee/Bloomberg

Dec. 7 (Bloomberg) -- U.S. stocks extended losses after Standard & Poor’s said it may cut the European Union’s credit rating as well as ratings on BNP Paribas SA, Commerzbank AG and Deutsche Bank AG.

The S&P 500 slipped 0.4 percent to 1,253.81 at 2:46 p.m. in New York.

The EU had its AAA long-term rating put on “creditwatch negative” by S&P Ratings Services after a similar action on 15 of the 17 Euro members. The EU’s short-term A-1+ rating was affirmed.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.