Tag: debt
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Stocks Tumbled Again on Europe Concerns
U.S. stocks posted broad losses Thursday as a jump in borrowing costs for France and Spain at government debt auctions gave investors fresh reason to worry about an impending European debt default. The Dow Jones Industrial Average lost 134.86 points, or 1.13%, to 11,770.73. The S&P 500 fell 20.78 points, or 1.68%, to 1,216.13. The…
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Stocks Opened Lower on Mixed Data
U.S. stocks opened lower Thursday, as investors balanced another round of improved U.S. economic data with concerns over rising yields on euro zone debt. The Dow Jones Industrial Average lately lost 19.90 points to 11,885.69. The S&P 500 Index fell 5.58 points to 1,231.33. The Nasdaq Composite declined 10.57 points to 2,629.04. The number of…
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Stocks Close Sharply Lower on Warnings Over Europe
U.S. stocks posted steep declines Wednesday after a rating agency signaled trouble ahead for U.S. banks should Europe’s debt trouble worsen. The Dow Jones Industrial Average lost 190.57 points, or 1.58%, to 11,905.59. The S&P 500 Index declined 20.89 points, or 1.66%, to 1,236.91. The Nasdaq Composite Index shed 46.59 points, or 1.73%, to 2,639.61.…
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Stocks Stumble to Start as Europe weighs
Stocks opened lower on Wednesday as policymakers warned Europe’s debt crisis posed dangers to the global economy and on growing signs the contagion was starting to spread to larger European nations. The Dow Jones industrial average lately dropped 86.50 points, or 0.72 percent, to 12,009.66. The Standard & Poor’s 500 Index lost 7.64 points, or…
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Stocks Fluctuate in Early Trading after Data
U.S. stocks veered between mild gains and losses in early trading on Tuesday as better-than-expected reports on the U.S. economy competed with worry about Europe’s debt crisis. The Dow Jones Industrial Average lately rose 12.95 points to 12,091.93. The S&P 500 Index was up 1.95 points to 1,253.73. The Nasdaq Composite was up 5.98 points…
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Stocks Dive on Italy Debt Fears
Stocks tumbled on Wednesday in its worst day since August, as a spike in Italian bond yields signaled the European debt crisis was getting worse. The Dow Jones Industrial Average fell 389.24 points, or 3.20%, to 11,780.94. The S&P 500 lost 46.82 points, or 3.67%, to 1,229.10. The Nasdaq Composite sank 105.84 points, or 3.88%,…
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Stocks Closed Up as Europe Lifted Optimism
Stocks closed higher on Tuesday for a second day in a row as reports that Silvio Berlusconi would resign as Italy’s prime minister fueled hopes the European nation will be able to better tackle its debt problems. The Dow Jones Industrial Average ended 101.79 points, or 0.84%, up at 12,170.18. The S&P 500 Index advanced…
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Stock Opened Higher as Investors Eyed Italy
U.S. stocks opened moderately higher Tuesday ahead of a key confidence vote in Italy, the next step in Europe’s unfolding debt crisis. The Dow Jones Industrial Average lately added 33.19 points to 12,101.58. The S&P 500 rose 5.55 points to 1,266.67. The Nasdaq Composite advanced 19.46 points to 2,714.71. Financial markets held their breath on…
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Stocks Open Lower as Europe Weighs
U.S. stocks opened lower Friday as Europe’s debt troubles overshadowed a drop in the U.S. jobless rate. The Dow Jones Industrial Average lately fell 71.59 points to 11,972.88. The S&P 500 Index fell 8.04 points to 1,253.11. The Nasdaq Composite fell 13.96 points to 2,684.01. The American economy added 80,000 jobs in October, and job…
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Stocks Slump But Ends Oct Up Sharply
U.S. stocks finished sharply lower on Monday, but all three major benchmark indexes finished with strong gains for the month. The Dow Jones Industrial Average dropped 276.10 points, or 2.26%, to end at 11,955.01. It was up 9.5% for the month. The S&P 500 fell 31.79 points, or 2.47%, to end at 1,253.30 while the…