US Stocks Fall On Recession Fears, Concerns Over Europe’s Economy

Posted September 6th, 2011 at 4:45 pm (UTC-5)
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U.S. stock indexes fell again Tuesday on investor fears about another U.S. recession and Europe's troubled economy.

The Dow Jones Industrial Average dropped 1 percent to close at 11,139. The S&P 500 was down three-quarters of a percent at 1,165. The technology-laden NASDAQ composite index was off one-fourth of a percent to close at 2,474.

Stocks closed mixed in Europe.

London's Financial Times 100 index closed up 1.1 percent at 5,157. The CAC-40 in Paris closed down 1.1 percent to 2,966. Frankfurt's DAX index was down 1 percent to finish the day's trading at 5,194.

Earlier in Asia, Tokyo's Nikkei index dropped 2.2 percent to finish at 8,591. Hong Kong's Hang Seng index rose one-half of 1 percent to finish the day's trading at 19,711.

Gold closed down $3.80 to $1869.90 an ounce.

The dollar was up against both the euro and yen.