US stock market today: Euro Group has approved a 100 billion euro of Spanish bank bailout plan, but Spain’s financing cost is still at a record high, meanwhile the Spanish Finance Minister said the country’s economic recession will last to 2013; markets concerns on the debt problems in Europe heated up again. Microsoft incurred quarterly loss for the first time since its listing in 1986. U.S. stock market today closed down and the three major indexes faded.
At the close of US stock market today: the Dow Jones Industrial Average retreated120.79 points, or 0.93%, to close at 12,822.57 points; the Nasdaq composite index lost 40.60 points, or 1.37%, to end at 2,925.30 points, down; the Standard & Poor’s 500 index missed 13.85 points, or 1.01%, to report at 1,362.66 points. The financial sector led the declines today, only two sectors – Utilities and Energy sectors turned green.
Read more: Hot stocks: Q2 results and IPOs.