Topic: Vulcan Materials Company
Stock market falls sharply, with the Dow losing 162 points, after two big ratings agencies said the fiscal pact between European leaders would make little difference in solving the region's debt problems. Intel's lower fourth-quarter guidance dragged the stock market down further.
Tech stocks fell on news that chipmaker Intel, a bellwether for tech stocks, cut its profit outlook. Moody's says it plans to review EU sovereign debt ratings, adding to the general market gloom.