78°
Baton Rouge, Louisiana
3 Day Outlook
Thu
87°
67°
20%
Fri
86°
57°
20%
Sat
75°
50°
40%

Latest Weather Blog

Follow our weather team on social media

US stocks slide on economic tremors from Europe

2 years ago Monday, April 23, 2012 9:01:54 AM CDT April 23, 2012 Monday, April 23 2012 Apr 23, 2012 in News
Source: Associated Press

NEW YORK- A collection of worrying news out of Europe is sending stocks lower in midday trading.

New reports out Monday showed that European government debt continues to pile up despite severe budget cuts that have led to unrest across the continent. European markets fell hard.

In the U.S., the Dow Jones industrial average sank 147 points to 12,881 shortly before noon in New York. That's a drop of 1.1 percent.

The S&P 500 index fell 16 points to 1,362. The Nasdaq composite fell 44 points to 2,955.

Results of the first round of presidential elections in France were also a cause for concern. The incumbent Nicolas Sarkozy came in second. The partnership between Sarkozy and Germany's Angela Merkel has been crucial to negotiations over Europe's debt crisis.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
78°
66°
Thu
AM Clouds / PM Sun
87°
67°
Fri
Partly Cloudy
86°
57°
Sat
AM Showers
75°
50°
Sun
PM Showers
78°
64°