NEW YORK: Stock markets fell and the euro hit a two-year low on Tuesday as rising Spanish borrowing costs drove Madrid closer to a full-scale bailout, while Greece's membership in the euro zone was at risk as its finances appeared to be off its aid package terms.
U.S. equities, pressured further by lowered 2012 U.S. profit forecasts, staged a late-day comeback off technical support on the S&P 500 and as the Wall Street Journal said the Federal Reserve was ready to act in support of a flagging U.S. economy.
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