US stocks decline on fresh Eurozone fears



    US stocks took a beating today as concerns over Eurozone debt once again came to dominate market sentiment. We have seen this film before, Eurozone concerns keeps coming back after every few days to tank the markets.

    The Dow Jones Industrial Average was trading at 12,413.31 points, down  0.39% from its opening at 12,459.52 points. The S&P 500 Index was down to 1,287.58 points after falling 0.35% from its opening at 1,292.02 points. The NASDAQ Composite Index was trading at 2,703.11 points, marginally up by 0.02% from its opening at 2,695.77 points.

    European stocks took a beating too, with the EURO STOXX 50  trading at 2,332.27 points, after falling 0.65% from its opening at 2,345.12 points. The FTSE 100 Index was trading at 5,661.30 points after falling 0.62% from its opening figure of 5,696.70 points.

    Deutsche Borse AG German Stock Index DAX was down to 6,138.43 points, after falling 0.40%.

    Asian stocks had closed with a mixed performance today, with the Nikkei 225 closing at 8,447.88 points after gaining 0.30% from yesterday’s close. Hong Kong Hang Seng Index was trading at 19,151.94, down 0.78% from yesterday’s close. Shanghai Shenzhen CSI 300 Index dropped to 2,435.61 points reflecting a drop of 0.48%.

    All the sectors were in the red, barring none. Energy and Utilities were the most to fall, each declining over a percent. Oil was trading down at $101.20 per barrel, reflecting a fall of 1.02%. Gold was up at $1643.70 per 10 gms, reflecting a jump of 0.75%.