News Summary: Europe fears drag on US stocks

Associated Press Published: September 24, 2012

STOCKS MEANDER: U.S. stocks closed down slightly as fears about Europe overshadowed recent excitement about central banks' efforts to boost the market.

GERMANY'S WEAKNESS: An index of business confidence in Germany, the biggest economy in Europe, fell for a fifth straight month. Many economists had expected it to at least remain flat. Some think Germany is headed for a recession.

APPLE FALLS: Technology shares, including the tech-heavy Nasdaq composite index, were dragged lower by Apple. The iconic gizmo-maker closed down $9.31, or 1.3 percent, to $690.79. Analysts were disappointed by first-weekend sales of its new iPhone 5.


Trending Now


  1. 1
    James Harden loses cool with reporter after another Rockets loss
  2. 2
    Senate Republicans warn that Obama deportation review will lead to weakened enforcement |...
  3. 3
    NBA commissioner says sponsors, marketing on jerseys 'inevitable'
  4. 4
    Which MLB team do you root for? This map will tell you
  5. 5
    'Net neutrality' soon a thing of the past?
+ show more