Stocks Start in the Red as Europe Euphoria Ebbs
FOX Business: The Power to Prosper
Hopes that Europe will soon solve its debt crisis faded a bit on Tuesday, pushing U.S. stocks into the red at the opening bell and erasing some of Columbus Day's 330-point surge.
Today's Markets
As of 9:33 a.m. ET, the Dow Jones Industrial Average fell 46.93 points, or 0.41%, to 11389.43, the Standard & Poor's 500 declined 5.92 points, or 0.50%, to 1188.97 and the Nasdaq Composite slid 9.37 points, or 0.36%, to 2556.52. The FOX 50 lost 2.63 points, or 0.30%, to 869.73.
The early negative market action comes after the Dow enjoyed its best performance in nearly two months on Monday on enthusiasm for new signs Europe is racing to get its debt debacle under control by stabilizing its banking system before it pushes the U.S. into a painful double-dip recession.
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Posted-In: FoxBusinessIntraday Update
