Jefferies Shares Swing on Sovereign Debt Fears

The New York Times reports:

Trading in the Jefferies Group was temporarily halted on Thursday morning after its stock briefly plunged on sovereign debt fears.

Shares of Jefferies dropped about 20 percent, to $9.79, prompting the exchange to halt trading. After trading resumed, the stock recovered to close at $12.01, down 2.1 percent for the day.