Early Trading

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.

Facebook shares were taking another beating in early trading on Wall Street, falling more than 6% shortly after the opening bell. Facebook's stock was trading under $32 a share, $6 below its IPO price and where it settled on its first day of trading Friday. Facebook shares slid 11% on Monday. The social networking company's disappointing performance in its stock market debut is likely to continue to raise questions about the underwriting process for its highly hyped initial public offering.

Stocks were poised to drop Monday after investors were jolted by Francois Hollande's election as France's first socialist president in nearly two decades. The Standard & Poor's 500 index futures tumbled 1% to 1,348.90 in early trading late Sunday, indicating a likely decline in U.S. stocks after trading opens Monday morning. The benchmark index slumped 2.4% last week in its worst performance this year. The drop is not unexpected considering Wall Street has always been uneasy about political change.

NEW YORK -- Stocks are snapping back from Friday's big losses as stronger-than-expected reports on manufacturing and housing ease investors' concerns about how durable the economic recovery will be. Major indexes rose more than 0.5 percent in midday trading Monday, including the Dow Jones industrials, which jumped about 80 points after tumbling 250 points on Friday. Investors also scooped up commodities like oil and gold as they moved out of safe-haven assets like the dollar and Treasurys.

NEW YORK -- Stocks are surging in the early moments of trading after the government said the economy grew at a stronger than expected pace during the third quarter. Investors have spent the past couple of months hunting for clues of just how much the economy has recovered. Thursday's gross domestic product reading gives them the surest sign yet that the economy is on the upswing. The Commerce Department says the economy grew at an annual pace of 3.5 percent in the third quarter, faster than the 3.3 percent increase predicted by economists.