Markets

US stocks swim in red in thin trade

Published Updated

After opening higher, the Dow Jones Industrial Average shed 99.52 points (0.84 percent) to 11,766.87 in closing exchanges.

The tech-heavy Nasdaq Composite tumbled 32.19 points (1.26 percent) to 2,523.14, and the broader S&P 500 dropped 14.34 points (1.18 percent) to 1,205.32.

Stocks were mired in negative territory "amid continued eurozone debt crisis concerns and solid weakness in financials," Charles Schwab analysts said in a research note.

Copyright AFP (Agence France-Presse), 2011