Excerpts from transcript
JEFFREY BROWN (Newshour): It was another rocky day on the markets, with a fearful beginning, but a more positive end.
The Dow Jones industrial average was down more than 160 points this morning. But, for the day, it gained more than 29 points to close at 11,896. The NASDAQ rose just under 24 points to close at 2,693. The S&P 500 also rose slightly, avoiding what would have been its longest losing streak since the peak of the financial crisis in October 2008.
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JEFFREY BROWN: Wall Street's sharp drops yesterday were felt worldwide overnight and into this morning. Asian stocks fell amid increasing pessimism over weak economic prospects in the U.S. European stocks also fared poorly amid continuing debt problems in a number of nations, including Italy and Spain, where bond yields surged to 14-year highs.
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