US stocks fall on European worries

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP
On Wednesday US market indexes closed at about 2% lower as weak German bond auction increased European yields. S&P 500 Index fell 2.2% or 26.25 to 1,161.79, Nasdaq Composite lost 2.4% or 61.2 points to 2,460.08 while Dow Jones Industrial Average declined 2.1% or 236.17 reaching 11,257.55. Phil Orlando, Federated Investors' strategist claims that investors' confidence of Europe's ability to tackle debt affliction is ruined.

 

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