NEW YORK - U.S. stocks slumped in a broad decline on Thursday, with the S&P 500 falling below a key technical level and erasing its gains for the month as concerns mounted over the strength of overseas economies and ongoing tensions with Russia.
Recent Business News
- MasterCard Inc, the world's second-largest debit and credit card company, posted a better-than-expected 10 percent rise in quarterly profit, as more customers used its cards to make purchases.
- Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter.
Good news: the economy bounced back last quarter.