Business News
Wall Street stocks fall
Sep 28, 2011, 22:57 GMT
New York - Major US stock indices suffered a broad decline Tuesday as fears returned that European Union leaders have yet to unify in response to the Greek debt crisis that has plagued the eurozone since last year.
The problems in the eurozone have roiled global equity markets since August.
The blue-chip Dow Jones Industrial Average lost 179.79 points, or 1.6 per cent, to 11,010.9 per cent. The broader Standard & Poor's 500 Index dropped 24.32 points, or 2.1 per cent, to 1,151.06, halting a three-day rally. The technology-heavy Nasdaq Composite Index slid 55.25 points, or 2.17 per cent, to 2,491.58.
The US currency gained against the euro to 73.89 euro cents from 73.6 euro cents on Tuesday. The dollar slipped against the Japanese currency to 76.54 yen from 76.75 yen.
