Wall Street Continues To Fall On Europe Debt Worries–Acadiana Business Index
The Dow Jones Industrial Average fell 125 points Monday to 12,695 as the financial woes in Europe continued to weigh heavily on trading. Ken Meyers has your stock market report in today's Acadiana Business Index.
All 10 sectors gave up ground led by declines in the financials. J.P. Morgan fell $1.17 to $35.79 as the largest U.S. bank by assets fell for a second day after announcing a $2 billion trading loss on Thursday.
Shares of Morgan Stanley lost 65 cents to $14.30 while Citigroup declined $1.21 to $28.14.
Economically sensitive stocks were also called lower as commodity prices extended their recent slide.
Groupon rose $3.36 to $11.73 ahead of its earnings release after the close.
The 10-year note up 3/8 to a seven-month low yield of 1.77%.