Stocks Fall Sharply; Traders Eye Europe, Health-Care Ruling

FOX Business: The Power to Prosper Wall Street fell sharply on Thursday as traders paid close attention the key European Union summit and digested the U.S. Supreme Court ruling on health-care reform. Today's Markets As of 12:40 p.m. ET, the Dow Jones Industrial Average fell 142 points, or 1.1%, to 12484, the S&P 500 dipped 14.8 points, or 1.1%, to 1317 and the Nasdaq Composite slumped 44.5 points, or 1.6%, to 2831. Wall Street had no lack of headlines to parse through on the day. EU leaders are beginning a summit in Brussels in which they are expected to discuss the the fiscal compact and potentially a plan for a bank union. The meeting comes at a critical time for the eurozone, which has seen its debt crisis cascade from periphery members into its core economies. Spain's costs to borrow for 10 years popped above the 7% level on the secondary market, which most analysts say is unsustainable in the long run for the bloc's fourth-biggest economy. Continue reading this article

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