NEW YORK (AP) — Stocks are opening sharply lower after warnings about the finances of several European countries reignited fears about the region’s debt crisis.

The Dow Jones industrial average is down 160 points, or 1.3 percent, at 12,352 in the opening minutes of trading Monday. The S&P 500 is down 17, or 1.3 percent, at 1,316.

The Nasdaq composite is down 46, or 1.6 percent, at 2,757. European markets are falling after Standard & Poor’s said Saturday that it might lower Italy’s debt rating within two years.

Investors are also concerned that Spain’s government will have more difficulty enforcing spending cuts after a defeat for the ruling Socialist party Sunday.

On Friday, a debt downgrade for Greece gave investors more reason to fear that the country could require more financial help.

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 This material may not be published, broadcast, rewritten or redistributed.)

  1. loans360 says:

    Looking for financial support contact us at Loans 360 fill out an application and one of our client service representatives will assist you.

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