Stocks fall as Europe experiences debt crisis !!

 

 

The euro falls to an 11-month low against the dollar. Italian government bond yields jump. The Fed disappoints Wall Street by not announcing plans to boost the economy. Italy paid a euro-era record yield at a long-term debt auction Wednesday, suggesting that the market isn't convinced that European leaders have taken enough steps to stem the debt crisis. Yields on the five-year bond soared to 6.47%, up from 6.29% at a similar auction a month ago. This follows mixed reaction from investors after European leaders introduced new agreements last week to boost funding to support troubled countries and prevent future debt problems.