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Weak economic news, Syria strikes hit US, European markets; Dow down 116

By The Associated Press
Posted 4:28PM on Tuesday 23rd September 2014 ( 10 years ago )
NEW YORK (AP) -- Weak economic news and airstrikes against militants in Syria sent global stock markets lower Tuesday.<br /> <br /> 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 /> <br /> The Dow Jones industrial average fell 116 points, or 0.7 percent, to 17,055 Tuesday.<br /> <br /> 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 /> <br /> CarMax plunged 9 percent after reporting earnings that fell short of analysts' expectations.<br /> <br /> European markets fell after a closely watched gauge of business activity in the eurozone fell to a nine-month low this month.<br /> <br /> Bond prices rose. The yield on the 10-year Treasury note fell to 2.53 percent.

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