|
|
Article: World stocks weighed by US corporate concerns
- Article from:
- AP Online
- Article date:
- January 12, 2009
- Author:
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
World stock markets fell Monday amid fears that the upcoming earnings season in the U.S. will be worse than forecast as the economic crisis ravages corporate profits.
The FTSE 100 index of leading British shares was down 23.58 points, or 0.5 percent, at 4,424.96, while Germany's DAX fell 37.76, or 0.8 percent, to 4,746.13. France's CAC-40 dropped 37.04 points, or 1.1 percent, at 3,262.46.
In the U.S., the Dow Jones industrial average was down 60.30 points, or 0.7 percent, at 8,538.88, while the broader Standard & Poor's 500 index fell 9.05 points, or 1.0 percent, at 881.30. The Dow's losses came on top of last week's biggest weekly retreat since the week ending Nov. 21.