Europe's debt crisis weighs down Wall Street

FRIDAY, AUGUST 24, 2012
Europe's debt crisis weighs down Wall Street

Washington - Wall Street indices fell Thursday amid pessimism about the slow progress of European leaders in solving the region's debt crisis.

The blue-chip Dow Jones Industrial Average shed 115.30 points, or 0.88 per cent, to 13,057.46. The broader Standard & Poor's 500 Index lost 11.41 points, or 0.81 per cent, to 1,402.08. The technology-heavy Nasdaq Composite Index dropped 20.27 points, or 0.66 per cent, to 3,053.40.
The US currency dropped against the euro to 79.59 euro cents from 79.8 euro cents on Wednesday. The dollar slipped against the Japanese currency to 78.51 yen from 78.61 yen.//DPA