» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 36 | NO. 1 | Friday, January 6, 2012




Wall Street edges lower on new euro worries

Print | Front Page | Email this story

NEW YORK (AP) — Stock indexes are ending mixed as Europe edges closer to a recession that would hurt corporate profits in the U.S.

The Dow Jones industrial average dropped 13 points, or 0.1 percent, to close at 12,449.

Germany reported that its economy, the largest in Europe, shrank at the end of last year. The European Union cut its estimate of economic growth to its slowest pace in two years.

The S&P 500 added less than a point to 1,292. The Nasdaq rose 8, or 0.3 percent, to 2,710.

Supervalu, a grocery store operator, plunged after reporting a loss because of high food prices and costs related to a turnaround plan.

Roughly four stocks rose for every three that fell on the New York Stock Exchange. Trading volume was weak at 3.9 billion.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0