Market recap: Stocks sank under the weight of Germany's stalled growth and Merkel-Sarkozy ruling...

|By:, SA News Editor
Market recap: Stocks sank under the weight of Germany's stalled growth and Merkel-Sarkozy ruling out issuing euro bonds to stem the debt crisis; bank stocks in particular fell after a transaction tax was floated. Wal-Mart hiked its profit outlook, helping the Dow mitigate losses. Euro concerns pressured crude oil; Treasury yields tumbled. NYSE decliners led advancers four to one.