Stocks fell Thursday morning, recovering slightly from deep declines amid more losses in Asian and European markets
Stocks fell Thursday morning, recovering slightly from deep declines amid more losses in Asian and European markets, mixed economic data, comments from a Japanese official about the yen and more concerns about the subprime-lending industry.
The Dow Jones Industrial Average fell 66.01 to 12202.62. The S&P 500 lost 8.37 to 1398.35, and the Nasdaq Composite Index was off 25.14 to 2391.01.
Asian-Pacific shares ended mixed Thursday, with China and Japan declining. The Shanghai's stock market was back to its losing ways on Thursday, dropping 2.9%, and the Nikkei 225 finished 0.9% lower in Tokyo. European markets also turned lower, with London's FTSE 100 down 1.5%.
Read more at MoneyWeb.co.za
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