Advertisement
 
YOU ARE HERE: LAT HomeCollectionsStocks

Stocks fall about 1% on global growth, Eurozone worries

August 30, 2012|By Andrew Tangel
(Richard Drew / Associated…)

NEW YORK --Stocks took a dive Thursday amid fears of slowing overseas growth and after Spain announced it would delay deciding whether to seek a bailout.

The Dow Jones industrial average fell 107 points, or 0.8%, to 13,001 in Thursday trading on Wall Street.

The broader Standard and Poor's 500 index fell 11 points, or 0.8%, to 1,399. The Nasdaq was down 32 points, or 1.1%, to 2,049.

European and Asian economic data fueled fears of a slowdown, Bloomberg News reported. In the U.S., consumer spending rose but didn't meet expectations.

Investors are awaiting Federal Reserve chairman Ben Bernanke's speech at a conference in Wyoming on Friday, hoping for clues as to whether the central bank will pump more monetary stimulus into the U.S. economy.

Pending home sales rise in July

SEC weighs ending ban on hedge fund advertising

'Occupy' protesters plan to disrupt Wall Street in September

Advertisement
Los Angeles Times Articles
|
|
|