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Eurozone worries clip stocks

Sept. 26, 2012 at 5:41 PM   |   Comments

NEW YORK, Sept. 26 (UPI) -- U.S. stock indexes dropped Wednesday as benchmark bonds in Italy and Spain rose, prompting fresh worries over the eurozone's debt issues.

In Washington, the U.S. Commerce Department said sales of new single-family houses dropped 0.3 percent from July to August.

By close of trading, the Dow Jones industrial average lost 44.04 points, or 0.33 percent, to 13,413.51. The tech-dominated Nasdaq Composite index dropped 24.02 points, or 0.77 percent, to 3,093.70. The S&P 500 lost 8.27 points, 0.57 percent, to 1,433.32.

On the New York Stock Exchange, 1,233 stocks advanced and 1,809 declined on a volume of 3.6 billion shares traded.

The benchmark 10-year treasury rose 18/32 to yield 1.612 percent.

The euro fell to $1.287 from Tuesday's $1.29. The U.S. dollar fell to 77.72 yen from Tuesday's 78.80 yen.

In Tokyo, the Nikkei 225 index gave up 184.84 points, 2.03 percent, to 8,906.70.

In London, the FTSE 100 index shed 1.56 percent, 91.62 points, to 5,768.09.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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