Economy/Business News Alert: U.S. stocks fall in early trading

---------------------------------------- Economy/Business News Alert: U.S. stocks fall in early trading August 10, 2011 10:10:46 AM ---------------------------------------- U.S. stocks fell, following the biggest gain since 2009 for benchmark indexes, amid concern that Europe will fail to contain its sovereign-debt crisis and that the U.S. economic recovery is faltering. Citigroup Inc. dropped 2.8 percent, pacing losses in financial shares, as the cost of insuring French debt rose to a record today. Banks, insurers, brokerages and investment firms in the Standard & Poor's 500 Index led gains yesterday after the Federal Reserve said it's prepared to use a range of tools to bolster the economy. Costco Wholesale Corp. declined 2.7 percent after Jefferies Group Inc. downgraded the warehouse-club chain. The S&P 500 slipped 2.2 percent to 1,147.11 at 9:33 a.m. in New York. The benchmark gauge for American equities jumped 4.7 percent yesterday, its largest rally since March 2009, as it rebounded from a 17 plunge since July 22. The Dow Jones Industrial Average lost 260.24 points, or 2.3 percent, to 10,979.53 today. http://link.email.washingtonpost.com/r/QJTXP3/18701W/AYP3AX/6PE1FQ/2PNSB/UP/h For more information, visit PostBusiness.com ---------------------------------------- Get a unique daily review and analysis of the debt, deficit and economy debate. Sign up for Behind the Government Showdown: http://www.washingtonpost.com/ac2/wp-dyn?node=admin/email/express&action=subscribe&newsletter_code=GVTSHTDN ---------------------------------------- Get breaking news alerts sent to your mobile phone. Sign up by texting NEWS to 98999. To unsubscribe, click here ---------------------------------------- ©2011 The Washington Post Company Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, DC 20071