The Straits Times
Published on Feb 05, 2013

US stocks slump amid euro zone worries


NEW YORK (AFP) - US stocks closed sharply lower Monday as signs of political instability in Italy and Spain renewed worries about the the euro zone's long-running public debt crisis.

The Dow Jones Industrial Average dropped 129.71 points (0.93 per cent) to finish at 13,880.08.

The S&P 500-stock index fell 17.46 (1.15 per cent) to 1,495.71.

The tech-rich Nasdaq Composite Index skidded 47.93 (1.51 per cent) to 3,131.17, dragged down by a 2.5 per cent fall in Apple.