US stocks open lowerApril 30th, 2012 - 9:30 pm ICT by IANS
New York, April 30 (IANS) US stocks opened lower Monday as investors worried about the economic recession in Spain.
Spain’s GDP contracted by 0.3 percent for the first quarter. Although the market thought that the reading would drop by 0.4 percent, the data still suggested a shrinking economy, putting Spain’s economy back in recession, Xinhua reported.
The Dow Jones industrial average lost 32.69 points, or 0.25 percent, at 13,195.62. The Standard & Poor’s 500 was down 6.86 points, or 0.48 percent, to 1,396.82. The Nasdaq Composite Index dropped 14.28 points, or 0.45 percent, to 3,055.19.
- US stocks end mixed - Jan 12, 2012
- US stocks rise amid IMF report, Goldman results - Jan 19, 2012
- US stocks trim losses in late-hour trading - May 18, 2011
- US stocks higher on positive economic data - Mar 02, 2012
- Spanish economy shrinks - Aug 29, 2012
- US stocks open lower on Greek worry - Mar 06, 2012
- Downward revision of Spain's GDP data - Aug 28, 2012
- Further rate hike fears allow bears control of Indian equities (Weekly market review) - Jan 29, 2011
- US stocks mixed as economic concerns weigh on market - Jun 09, 2011
- US stocks trim losses amid Spain concern - Mar 30, 2012
- US stocks open mixed amid high oil prices - Mar 03, 2012
- US stocks open mixed - May 25, 2012
- Wall Street ends May lower, snapping five-month winning streak - Jun 01, 2011
- Spain's economy will shrink in 2012: IMF - Jan 25, 2012
- US stocks mixed on disappointing data - Jun 13, 2012