Thursday, July 21

New London Bombing Prompt Stock Selloff

The Associated Press is reporting the US Stock market reaction to this morning's London bombing. Whoever thinks that what happens on the other side of the world is no business of ours has a wake up call coming.
NEW YORK - Stocks dropped Thursday as uneasiness over the latest subway attacks in London overshadowed strong earnings reports and China's decision to revalue its currency.

While the London attacks appeared to be minor — only one injury was reported — investors took the opportunity to secure their recent gains one day after a record-setting session.