BREAKING NEWS: Fitch Downgrades Italy, Spain Ratings

Fitch lowered its credit rating on both Spain and Italy on Friday, cutting Spain's long-term rating to "AA-" from "AA+" and Italy's to "A+" from "AA-." While not entirely unexpected, the news took some of the momentum out of the stock market. The Dow is now off 20 points, having rallied earlier in the session.

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