Stocks fell at the opening of trading as debt worries continue to hang over markets.
Europe's banking troubles and a debate over lifting the U.S. government's borrowing limit helped drag down stock markets in the U.S., Asia and Europe Monday.
Traders are also keeping watch on negotiations in Washington to raise the U.S. government's debt ceiling. The Treasury Department says the limit must be raised by Aug. 2 or the government risks defaulting on its debt.
The results of stress tests on European banks released Friday did little to reassure investors.
The Dow Jones industrial average is down 76 points, or 0.6 percent, to 12,404 in early trading. The S&P 500 index is down 7, or 0.6 percent, at 1,308. The Nasdaq is down 15, or 0.6 percent, at 2,774.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.