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Friday, February 10, 2012

BREAKING NEWS: Greek Fears Hit U.S. Stock Futures

Stock-index futures are signaling a sharply lower open on Wall Street as the political situation in Greece continues deteriorating, raising the potential of a disorderly default if the country can't convince European leaders to sign off on a $172 billion bailout package. Dow futures are down 100 points and S&P 500 futures are off 1%. Meanwhile, traders are bidding up safe-haven U.S. Treasury bonds, knocking the yield on the 10-year down to 1.976%.


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