Market recap: The European debt crisis rages on with no end in sight, and there's no apparent...

|By:, SA News Editor
Market recap: The European debt crisis rages on with no end in sight, and there's no apparent progress in the U.S. debt ceiling fiasco, so investors scurried away from stocks. All 10 S&P sectors fell, with banks, at the most risk from the troubles, hit the hardest. Gold notched its 10th-straight gain; oil retreated 1.4%. NYSE decliners led advancers four to one.