Contact Us
Make My Homepage

Europe Still Weighing Heavily on U.S. Stock Market

The stock market is closing lower on fresh concerns about the debt crisis in Europe.

Wall Street Bull
Flickr User James Wilcox

The Dow Jones industrial average fell 83 points to close at 13,033 Wednesday. The broader Standard & Poor’s 500 lost six points to end at 1,385. The Nasdaq composite index fell 11 points to 3,031.

Investors were unnerved after Spain reported that the proportion of bad loans at its banks rose to an 18-year high. That was a reversal from the day before, when Spain’s successful auction of 2-year bonds pushed markets up.

For every stock that advanced on the New York Stock Exchange, another two fell. Volume was light at 3.4 billion shares.

First-quarter earnings reports also weighed on the market. Intel and IBM fell because analysts were disappointed by flat revenue.

 

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a member? Sign up here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.