Wall St down 1% over Greece; US business confidence at year-high

PUBLISHED ON: May 8, 2012 | Duration: 24 min, 31 sec

  
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Wall Street slips over 1 per cent as worries from Europe over Greece bailout and France-Germany coalition drives sentiment. Stocks in Athens too declined to the lowest level seen in the last 20 years as there was no clarity on the second day that any coalition would be able to form the government to steer the country out of the financial crisis. Meanwhile, Euro weakens for the seventh consecutive day, slips below 1.3 against the dollar. The index of confidence for small U.S. businesses showed an upward trend in April and rose to its highest in over a year.
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