NEW YORK —
Stocks are opening mostly lower following more signs of instability from Europe.
The Dow Jones industrial average slid 45 points to 12,727 shortly after the opening bell on Monday. The Standard & Poor’s 500 index fell three points to 1,354 and the Nasdaq fell one points to 2,936.
The need for European financial leaders, who are gathering in Brussels, to finalize a bailout plan for Spain grew more urgent as borrowing costs for the country hit dangerous levels.
The interest rate, or yield, on Spain’s 10-year government bond rose to 7 percent. Greece, Ireland and Portugal had to ask for financial support after their borrowing rates rose that high.
Aluminum maker Alcoa will start off the U.S. earnings season when it reports second-quarter results after the market closes.
Business
Related Photos
-
businessnews.jpg
Discussion
Stocks slip following signs of trouble in Europe
- Business
-
-
Stock indexes flip between gains and losses
Stock indexes fluctuated in early trading Tuesday as investors tried to predict the Fed’s next move.
-
Via Christi Health to cut up to 400 positions across state; Pittsburg impact uncertain
Via Christi Health announced Today that it would cut up to 400 positions within its system across the state of Kansas to compensate for financial challenges as a result of declining hospital and physician visits.
-
Apple’s Cook faces Senate questions on taxes
Apple’s CEO is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates.
-
Sprint boosts buyout offer for Clearwire
Sprint Nextel Corp. is offering 14 percent more than before for the stake in wireless data network operator Clearwire Corp. it does not already own, but a large shareholder said the offer was still inadequate.
-
Growers making up for lost time in planting corn
Corn growers across the Midwest have made up for lost time in a big way from a slow start to planting season after a waterlogged spring.
-
Stocks gain on reassurance from a top Fed official
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
-
Actavis buying Warner Chilcott in $8.5B deal
Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.
-
Sprint boosts buyout offer for Clearwire
Sprint Nextel Corp. has raised its buyout offer for the stake in Clearwire it does not already own by 14 percent.
-
Small company stocks take the limelight
Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street.
-
WPX Energy rises as hedge fund discloses stake
Shares of WPX Energy soared to an all-time high on Monday as a hedge fund disclosed a minority stake in the oil and gas company.
- More Business Headlines
-
Tim Cook Defends Apple's Tax Accounting
AP Photograher: 'It Was a Miracle' They Got Out
Raw: Crews Search for Survivors of Okla. Tornado
Raw: Tearful Reunion After Okla. Tornado
OKC Hospital Describes Treating Tornado Wounded
Obama Pledges Urgent Aid for Tornado Victims
Raw: Massive Funnel Clouds in Oklahoma
