The Post Chronicle
The Post Chronicle

Business News
Published: Oct 4, 2011
Markets Stumble Early
by Staff

U.S. markets followed Asian and European stock boards lower Tuesday as ongoing fears of a default in Greece plague the global marketplace.

In Asia, stocks fell 0.26 percent in China and 3.4 percent in Hong Kong. In Europe, the Belgium Bel-20 took a dive, falling 3.17 percent. The DAX 30 in Germany lost 3.4 percent. Across Asia and Europe, only Taiwan showed gains, modestly up 0.48 percent.

On Wall Street in midmorning trading, the Dow Jones industrial average lost 178.68 points, 1.68 percent, to 10,476.62. The Standard & Poor's 500 index shed 17.13 points, 1.56 percent, to 1,082.10. The Nasdaq composite index of tech-dominated stocks lost 21.07 or .09 percent to 2,314.76.

The benchmark 10-year treasury note rose 6/32 to yield 1.741 percent.

The euro rose to $1.3201 from Monday's $1.3176. Against the yen, the dollar rose to 76.75 yen from Monday's 76.64 yen.

In Tokyo, the Nikkei 225 index lost 1.05 percent, 89.36, to 8,456.12. (c) UPI

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