Wed, December 09, 2009
Business > Markets

US stocks dip at open even as dollar falls

2009-12-09 15:05:27 GMT2009-12-09 23:05:27 (Beijing Time)  SINA.com

NEW YORK – Stocks are slightly lower in early trading as concerns about foreign debt problems offset a weaker dollar.

The dip in stocks follows a sharp sell-off Tuesday that carried over into Asia overnight as concerns about foreign debt loads escalated and Japan said its economy grew at a lower rate than originally expected in the third quarter.

The dollar is retreating after rising the day before to its highest level against the euro since early November, which put some support under stocks.

The Dow Jones industrial average is down 29 at 10,256. The Standard & Poor's 500 index is down 2 at 1,088, while the Nasdaq composite index is down 12 at 2,160.

(Agencies)

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