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Them, we are going to try to support them in that effort. martin? >> stephanie goss, stay warm in moscow. thank you very much. >> thank you. >> coming up, from cold war jitters to the economic crisis in the euro zone. hampton pearson has the market wrap. good afternoon. >> major averages in the red with less than 20 minutes less in the trading day. let's look at the stock averages. we are seeing right now that the dow is down about 155 points. the s&p down 22 and the nasdaq down over 41 points. the number of new apigations or unemployment fell to the lowest level in nine months. weekly applica...

I'm brian sullivan with your cnbc market wrap. u.s. and european debt concerns sending stocks into a tailspin. the dow fell 248 point, the s&p down 22. the nasdaq giving up 49. investors not exactly surprised at the deficit cutting so-called super committee hasn't been able to reach a deal. but today's drop shows that complete failure wasn't necessarily priced in either. now, on top of that, you had rating agency fitch warning france that its aaa credit rating remains, quote, under pressure. this heightens fears that europe's debt contagion continues to spread. it was a broad decline across ev...