Weak economic news, Syria strikes hit US, European markets; Dow down 116
By The Associated Press
Posted 4:28PM on Tuesday, September 23, 2014
NEW YORK (AP) -- Weak economic news and airstrikes against militants in Syria sent global stock markets lower Tuesday.<br />
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The biggest declines came in Europe, where France's benchmark index fell sharply. The selling was more modest in Asia and the U.S., where the economy remains healthier.<br />
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The Dow Jones industrial average fell 116 points, or 0.7 percent, to 17,055 Tuesday.<br />
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The Standard & Poor's 500 fell 11 points, or 0.6 percent, to 1,982. The Nasdaq composite fell 19 points, or 0.4 percent, to 4,508.<br />
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CarMax plunged 9 percent after reporting earnings that fell short of analysts' expectations.<br />
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European markets fell after a closely watched gauge of business activity in the eurozone fell to a nine-month low this month.<br />
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Bond prices rose. The yield on the 10-year Treasury note fell to 2.53 percent.