US stocks open lower following weakness in Europe; AOL soars

US stocks open lower following weakness in Europe; AOL soars

2 photos
Save Story
Leer en Español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — U.S. stocks are opening lower following declines in European markets.

The Dow Jones industrial average lost 121 points, or 0.7 percent, to 17,986 as of 9:35 a.m. Eastern time Tuesday.

The Standard & Poor's 500 index gave up 13 points, or 0.6 percent, to 2,092. The Nasdaq composite declined 35 points, or 0.7 percent, to 4,956.

AOL soared 18 percent following news that the Internet company would be acquired by Verizon. Gap sank 4 percent after the retailer said the strong dollar was hurting its revenue.

European markets fell. Germany's DAX declined 1.6 percent. European bond prices fell, pushing yields higher.

Oil rose 35 cents to $59.60 a barrel in New York.

U.S. government bond prices inched lower. The yield on the 10-year Treasury note rose to 2.29 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast