December 10, 2014
US Stocks Move Lower, Following Global Declines
Kilian Melloy READ TIME: 1 MIN.
U.S. stocks are sharply lower in midday trading following a slump in global markets.
European markets slid after an early presidential vote was called in Greece, which investors feared could jeopardize the struggling country's bailout program.
Stocks also fell in China after regulators there tightened rules for lending.
The Dow Jones industrial average dropped 164 points, or 0.9 percent, to 17,690 as of noon Eastern time.
The Standard & Poor's 500 index fell 16 points, or 0.8 percent, to 2,043. The Nasdaq composite lost 25 points, or 0.5 percent, to 4,714.
The price of crude oil rebounded from a dip the day before, rising 58 cents to $63.63 a barrel in New York.
Government bond prices rose. The yield on the 10-year Treasury note slipped to 2.21 percent.
Kilian Melloy serves as EDGE Media Network's Associate Arts Editor and Staff Contributor. His professional memberships include the National Lesbian & Gay Journalists Association, the Boston Online Film Critics Association, The Gay and Lesbian Entertainment Critics Association, and the Boston Theater Critics Association's Elliot Norton Awards Committee.
