The leaders of the 27 countries in the European
Analysts ray ban sunglasses fashion outlet worry that Europe's piecemeal approach to its spreading government debt crises may fall short, and the banking system of a large country like Spain could collapse. That could shock tightly connected global financial markets. "It's the same headline risk that we've been dealing with for God knows how long," said Chip Cobb, senior vice president of Bryn Mawr Trust Asset Management in Pennsylvania. "Everybody wants something to happen sooner or later, and nothing's happening." The leaders of the 27 countries in the European Union meet Thursday and Friday in Brussels for another summit aimed at reining in the crisis, but market players remain skeptical that Germany will sign off. As the region's largest and strongest economy, Germany has to participate for any plan to work."What the market wants is action," Cote said. He said investors wanted to see steps toward binding the weak and stronger economies closer together. The dollar and Treasury prices rose ray ban sunglasses cheap sale as investors shifted money into low-risk investments. The yield on the 10-year Treasury note fell to 1.61 percent from 1.67 percent late Friday. In other trading, the S&P 500 index fell 21.30 points to 1,313.72. All 10 of the index's industry groups fell. The Nasdaq composite lost 56.26 points, or 1.9 percent, to 2,836.16. Energy stocks were also big losers after the price of crude oil fell again. Benchmark U.S. crude lost 55 cents a barrel to $79.21, continuing a slump that has brought the price down from $110 in late February. Exxon Mobil fell 87 cents to $81.24. Energy prices have been falling as traders anticipate that slower growth in China and the crisis in Europe will drag down global economic growth and ray ban sunglasses best for men decrease demand for energy.