Mon 30 Apr 2012 11:06:00 CT
US equity markets traded in negative territory throughout the morning session, weighed down by slowing growth concerns in Spain and a number of soft US economic data points. Equity markets sold off sharply in the wake of Chicago PMI data that came in weaker than expected and showed the slowest rate of growth since November 2009. Financial shares were among the largest decliners on the session in the wake of a ratings downgrade on a number of Spanish financial institutions. There were also disappointing corporate earnings this morning from Humana and NYSE Euronext that also offered a drag for the major indices.
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