Korean Conflict, European Worries Weigh on Stocks

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are down sharply on a spate of negative
news from Asia, Europe and the U.S.

North Korea and South Korea exchanged artillery fire early
Tuesday, killing at least two South Korean marines. That came as
investors were already concerned that a bailout of Ireland may not
be enough to contain Europe's debt crisis. In the U.S., sales of
previously-owned houses dipped 2.2 percent in October.

According to preliminary calculations, the Dow Jones industrial
average fell 142, or 1.3 percent, to 11,036.

The S&P 500 lost 17, or 1.4 percent, to 1,180. The Nasdaq
composite fell 37, or 1.5 percent, to 2,495.

Falling shares outpaced rising shares by four to one on the New
York Stock Exchange. Volume was 1 billion shares.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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