KBTX - Money - Headlines

US Stocks Fall on Global Economic Worries

By: Associated Press
By: Associated Press

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Stocks are falling at the opening of trading after more evidence pointed to a slowing global economy.

Germany's economy stalled last quarter, dragging down growth for Europe. In the U.S., reports painted a mixed picture of the economy: The housing market remains weak, but industrial production rose last month at its fastest pace of the year.

Economic worries overshadowed strong profit reports from blue-chip U.S. companies. They may also erase hopes that the market had finally calmed down since Standard & Poor's downgraded the U.S. credit rating less than two weeks ago.

The Dow Jones industrial average is down 68 points, or 0.6 percent, to 11.415. The S&P 500 index is down 9, or 0.8 percent, to 1,195. The Nasdaq composite is down 24, or 1 percent, to 2,531.

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