US stocks skid on Europe rough patch

NEW YORK: US stocks closed sharply lower Wednesday as turmoil on the eurozone bond markets indicated little confidence in Europe's efforts to manage its debt crisis.

The Dow Jones Industrial Average tumbled 190.11 points (1.57 percent) to 11,906.05 in closing trade.

The broad-based S&P 500 fell 20.81 points (1.65 percent) to 1,237.00, while the tech-heavy Nasdaq Composite lost 46.59 points (1.73 percent) to 2,639.61.

"Favorable reports on US consumer prices and industrial production, along with a strong quarterly release by Target Corp, are being overshadowed by growing concerns from the eurozone debt crisis front," Charles Schwab analysts said.