May 23, 2012 |
U.S. stocks slid in early trading following renewed concerns about Greece being forced out of the euro common currency. The Dow Jones industrial average was down 87 points, or 0.7%, to 12,416, shortly after the opening bell. The broader Standard & Poor's 500 index was down 7 points, or 0.6%, to 1,309. The technology-focused Nasdaq was down 14 points, or 0.5%, to 2,825. Major European stock markets were down about 2%. German officials expressed opposition to euro bonds because they said it would saddle them with the debts of other European countries, Bloomberg News reported.