US stocks slide as crisis in Europe deepens
NEW YORK -- U.S. stocks are closing lower, pushed down by fresh reminders that Europe's debt crisis is far from over.
All three major indexes are down about 1 percent. The Dow Jones industrial average is down 121 points at 12,823. The Standard & Poor's 500 is down 14 at 1,363. The Nasdaq composite index is down 41 to 2,925.
In Spain, the stock market plunged and borrowing costs spiked after a regional government asked for a financial lifeline. The Treasury minister predicted the recession will drag into 2013.
Chipotle plunged 22 percent as analysts worried that the chain's high-powered growth could be slowing. Chip maker Advanced Micro Devices fell 13 percent after reporting lower revenue and earnings.
Roughly two stocks fell for every stock that rose. Volume was average, 3.7 billion shares.
wall street, stocks, business
- Medical examiner: 24 dead in Oklahoma tornado 6 min ago
- Firefighters save Vallejo man in apartment fire
- Man goes missing after Bay to Breakers race
- Bay Area residents in DC protest against banks
- Photos: Tornado rips through Oklahoma City area 39 min ago
- Victims hope to get money back from lending scheme
- Man dies after fall during Bay to Breakers party
- Norman Wielsch sentenced to 14 years in prison
- 5-year-old killed in rollover crash in Richmond
- 4-alarm grass fire burns 8 acres in Orinda
- Silver Creek HS sophomore killed in bike accident
- Yahoo takes big leap with $1.1B deal for Tumblr
- roundup: Orinda fire; Obama coming to Bay Area 17 min ago
- weather: Bay Area weather forecast for Tuesday
- Bay Area weather forecast for Tuesday
47 min ago