EU strikes USD 670 bn crisis deal - Reuters -

EU strikes USD 670 bn crisis deal - Reuters -: "The European Union agreed on a 500 billion-euro ($670 billion) emergency fund in the early hours of Monday to protect highly indebted eurozone countries from the 'wolfpack' of financial markets."

U.S. stocks drop sharply on euro-zone debt fears Market Snapshot - MarketWatch

U.S. stocks drop sharply on euro-zone debt fears Market Snapshot - MarketWatch: "NEW YORK (MarketWatch) -- U.S. stocks thudded lower on Tuesday as worries over European national debts overrode positive quarterly reports from companies including drug giants Pfizer Inc. and Merck & Co."

European shares plunge on sovereign debt fears Europe Markets - MarketWatch

European shares plunge on sovereign debt fears Europe Markets - MarketWatch: "LONDON (MarketWatch) -- European shares tumbled Tuesday, with banks plunging as concerns about the financial health of Southern European countries resurfaced, while miners were slammed by a proposed tax hike in Australia."

Spain downgraded, Europe debt crisis widens

Spain downgraded, Europe debt crisis widens: "Berlin: Europe's debt crisis mushroomed Wednesday as Spain saw its credit rating lowered, just as Germany sought to reassure nervous investors that Greece would not be allowed to go under, saying Berlin's share of a key aid package could be approved in the next few days.
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Stock and bond markets had begun to regain their composure after stinging downgrades of Greece and Portugal the day before, when Standard & Poors delivered more bad news by cutting Spain's rating to AA from AA amid concerns about the country's growth prospects following the collapse of a construction bubble"

Important links of European Financial crisis

Greece Financial Crisis - NPR.org
IMF sees Greek aid worth 100-120bn euros
Tragedy or comedy? - Market Watch
Spanish debt downgraded as Greece shakes markets

U.S. stocks rebound as Fed, earnings soothe nerves Market Snapshot - MarketWatch

U.S. stocks rebound as Fed, earnings soothe nerves Market Snapshot - MarketWatch: "NEW YORK (MarketWatch) -- U.S. stocks on Wednesday made a moderate rebound after stronger earnings and a Federal Reserve commitment to keep rates low offset investor unease over Southern Europe's sovereign debt problems."

Ten years ago Nasdaq composite index hit a record 5,132.52 points

SAN FRANCISCO (Reuters) - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.

Analysts and venture capitalists say the tech crash taught investors a seemingly simple lesson that had been lost in the flurry of public stock offerings by Silicon Valley start-ups with not a scrap of revenue -- sales and profits, or at least the prospect of profits, matter.

Today, the Nasdaq index rests at less than half its peak, and many of the biggest names from 2000 -- IBM, Hewlett-Packard and Microsoft -- are trading more like traditional stocks, based on their fundamentals.

Finding the growth stocks, the companies of the future, has become trickier, investors say.TO read the complete article follow the link.