Baton Rouge, Louisiana
7 Day Forecast

Latest Weather Blog

Follow our weather team on social media

A weak open on Wall Street as Italy's rates soar

3 years ago June 13, 2012 Jun 13, 2012 Wednesday, June 13 2012 Wednesday, June 13, 2012 10:05:30 AM CDT in News
Source: Associated Press

NEW YORK- U.S stocks are struggling for direction, with the debt maelstrom in Europe as an ominous backdrop.

Major stock indexes opened lower, then edged higher but just for a short time. Shortly before noon Wednesday, the Dow Jones industrial average and the Standard & Poor's 500 were down, while the Nasdaq composite index managed to hang onto its gain.

The Dow was down 18 points to 12,556, the S&P 500 lost 2 points to 1,322, and the Nasdaq composite index inched up 1 point to 2,844.

Investors are unnerved because borrowing costs for Italy and Spain are up, a sign that investors aren't sure that those countries can pay back their debt. In the U.S., the government says retail sales fell in April and May.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
7 Days