FILE - In this Tuesday, Feb. 21, 2012 file photo, traders work on the floor at the New York Stock Exchange in New York. Stock markets around the world are mixed, Thursday, Feb. 7, 2013. Investors in Japan took profits following a huge rally, while those in China pulled back ahead of a weeklong holiday. However, European markets are higher in early trading. Futures point to a rise when trading opens on Wall Street Thursday morning. (AP Photo/Seth Wenig, File)
News Summary: Stocks retreat on Europe, earnings
Published: 10:39:58 PM, Thu 07 February 2013 UTC
STALL SPEED: Stocks slumped on Wall Street Thursday, and the rally which pushed indexes close to record levels stalled.
EUROPE REDUX: Concerns about the outlook for Europe's economies resurfaced following comments from European Central Bank chief Mario Draghi. He said risks remained on the "downside," and that he'd be keeping an eye on the euro and any impact its strength was having on the euro-region economies.
FALLEN IDOL: Media conglomerate News Corp., which counts "American Idol," and "The Simpsons," among its shows, fell 2.3 percent to $27.56 after it said that underperformance at several businesses including its Fox broadcast network would offset a gain in earnings in the most recent quarter.
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