US Stocks Fall in Tuesday’s Trading

Posted August 16th, 2011 at 4:20 pm (UTC-5)
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U.S. stock indexes declined in Tuesday's trading.

The Dow Jones Industrial Average dropped seven-tenths of a percent to close at 11,406. The S&P 500 fell 1 percent to finish at 1,193 while the NASDAQ dropped 1.2 percent to end at 2,523.

European markets ended narrowly mixed from Monday's close. London's Financial Times 100 index gained one-tenth of a percent to end at 5,358. The CAC 40 in Paris closed down a quarter of a percent to finish at 3,231. The DAX in Frankfurt lost a half-percent to end the day's trading at 5,995.

Earlier Tuesday, in Asia, Tokyo's Nikkei index gained two-tenths of a percent to close at 9,107. Hong Kong's Hang Seng index lost a quarter of a percent to end at 20,212.

The price of gold rose nearly $20 to trade at $1,785.57 an ounce.

The dollar was down against the yen but gained value compared to the euro.