Contact Us
Make My Homepage

Stocks Slump on Lack of Action in Europe

Stocks are closing lower for the fourth day straight. Investors are disappointed that European leaders didn’t offer more detailed plans for tackling the region’s debt crisis.

Wall Street
PhotoLink, Getty Images

The Dow Jones industrial average lost 92 points to close at 12,879. The Standard & Poor’s 500 index fell 10 points to 1,365. The Nasdaq also lost 10 points, ending the day at 2,910.

The European Central Bank had planned to present a bond-buying program but instead committed only to a vague plan of action after Germany’s central bank declined to back the plan.

Knight Capital, the trading firm whose technical glitch sent dozens of stocks into chaos Wednesday, plunged 63 percent.

Three stocks fell for every two that rose on the New York Stock Exchange. Volume was above average at 4.1 billion shares.

 

(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?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting 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.