US stocks end lower after bank scare in Europe

Traders work on the floor of the New York Stock Exchange. (File photo) (Spencer Platt, Getty Images)
Traders work on the floor of the New York Stock Exchange. (File photo) (Spencer Platt, Getty Images)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 7/10 1:25 pm

NEW YORK (AP) — U.S. stocks are ending lower as fears about the health of a European bank weigh on the market.

The Dow Jones industrial average fell 70 points, or 0.4 percent, to finish at 16,915 Thursday. The Standard & Poor's 500 index slipped eight points, or 0.4 percent, to 1,964. The Nasdaq was off 22 points, or 0.5 percent, at 4,396.

U.S. markets were hit by earlier stock losses in Europe, where worries over the finances of one of Portugal's largest financial groups slammed stocks and pushed investors into safer assets such as government bonds and gold.

Eight of the 10 industry groups in the S&P 500 fell.

The yield on the 10-year Treasury note edged lower to 2.54 percent from 2.55 percent late Wednesday. Yields fall when demand for bonds rises.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
NEWSCASTS ON DEMAND
WATCH OUR LIVE NEWSCAST

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.