Wall Street Flat as Spain Debt Deal Raises Worry

Reuters – By Ryan Vlastelica – June 12, 2012

(Reuters) – Stocks traded flat on Tuesday as yields on Spain’s 10-year bond hit a euro-era high, pointing to continued stress in the nation’s debt markets shortly after an announced EuropeanUnion bailout.

Reuters/Mike Segar

While a $125 billion aid package to Spain did ease some concerns about the region’s debt crisis, questions remained about the terms of the deal and the impact it could have on Spanish debt levels.

U.S. equities have been closely correlated to developments in Europe’s financial crisis on concerns about how it might impact global growth prospects.

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