In Europe, borrowing rates for Spain touched

"Ultimately, all that Oakley sunglasses fashion on sale 1542 matters for investors right now is whether these developments mean the Federal Reserve is more or less likely to ease policy in order to support what they may see as an insufficiently strong economic recovery," said Dan Greenhaus, chief global strategist at the brokerage BTIG, in a note to clients. In Europe, borrowing rates for Spain touched a record high Thursday after the rating agency Moody's cut its credit rating to one notch above junk status. Spain's benchmark 10-year bond hit 6.96 percent before pulling back. Major stock indexes in Europe barely budged. Greek stocks were the exception. Athens' main index surged 10 percent following rumors that elections this weekend will yield a government that can keep the country in the euro. Greek law forbids the release of new public opinion polls in the last two weeks before the election. Among stocks making big Oakley sunglasses hot sale best online 1543 moves: _ Nokia plunged 15 percent, or 44 cents, to $2.35. The cellphone maker cut its earnings forecast and announced plans to eliminate $2 billion in costs by the end of next year. Nokia said it will close its main manufacturing plant in Finland, shutter research facilities in Germany and Canada and lay off 10,000 employees. _ Kroger rose 6 percent after the grocery store chain raised its profit forecast for the year. The Cincinnati-based company, which operates Ralphs, Food 4 Less and other grocery stores, also announced it will spend $1 billion to buy Oakley sunglasses best quality outlet 1544 back its stock. Kroger's stock gained $1.29 to $22.58.