NEW YORK (AP) — Stocks are sliding again on concerns that the deep spending cuts called for Europe’s bailout plan could slow down the continent’s economy.
The euro has dropped to a 19-month low Friday. European stock markets fell more than 3 percent, pulling U.S. stocks lower. Investors seeking safety from the signs of distress in financial markets are piling into Treasurys and gold, which hit another record.
At midday, the Dow Jones industrial average is down 175 at 10,606. The Standard & Poor’s 500 index is down 24 at 1,133. The Nasdaq composite index is down 59 at 2,336.
