Wednesday, 26 September 2012 19:01
NEW YORK: US stocks were lower in early trade Wednesday after markets in Asia and Europe sank amid a rise in turmoil in the eurozone.
Thirty minutes into trade, the Dow Jones Industrial Average was down 3.42 points (0.03 percent) at 13,454.13.
The S&P 500 lost 3.64 (0.25 percent) at 1,437.95, while the Nasdaq Composite shed 12.73 points (0.41 percent) at 3,105.00.
"Some malevolent forces are rearing their ugly head again," said Patrick O'Hare at Briefing.com.
"In particular, worries about the eurozone are front and center as protests over austerity measures flare up in Spain and Greece.
Meanwhile, the US equity market seems to be recoiling at the thought that central bank support might not be the saving grace many had hoped it would be."
BlackBerry maker Research in Motion surged 4.9 percent after saying it had added two million new subscribers since June, holding on in its fight against rival smartphone makers.
Yahoo! was little changed, ...