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US markets close lower on euro concerns

12-20-2011 14:36 BJT

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Let's take a look at how Wall Street fared overnight. Banks led a more than 1 percent drop in the US major market gauges.

Morgan Stanley dropped 5.5 percent and Bank of America Corp. sank 4 percent. The Dow Industrial Average lost 100 points, or 0.8 percent, as reports emerged that the EU finance ministers couldn’t drum up the full 200 billion euros they planned to give the IMF.

US markets close lower on euro concerns.

Cautious comments from the head of the European Central Bank warning about economic risks due to the debt crisis also helped accelerate declines closer to the end of trading.

The S&P index fell 1.2 percent, and the Nasdaq composite index fell 1.3 percent.

 

Editor:Zhang Rui |Source: CNTV.CN

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