NEW YORK (AP) — Mounting concerns over the impact of the massive earthquake in Japan are pushing stocks lower in midday trading. The earthquake and tsunami along Japan’s northeast coast killed thousands and has raised fears of a slowdown in the world’s third-largest economy.

All 10 company groups that make up the Standard and Poor’s 500 index fell Monday. Utilities companies lost 2 percent, the most of any group, on concerns that the disaster may lead to increased scrutiny of nuclear power plants.

The S&P index is down 15 points, or 1.2 percent, to 1,289.

The Dow Jones industrial average is down 116 points, or 1 percent, to 11,927. The Nasdaq composite is down 29, or 1.1 percent, to 2,686.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

  1. Stephen Seretan says:

    The Sedona Method helps release feelings about this. Don’t buy another self help course until you read this free report at What Self Help Gurus Don’t Want You to Know About Self Help Courses…

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Watch & Listen LIVE