U.S. Stocks Slide As Europe Worries Weigh

By Kate Gibson - NEW YORK (MarketWatch) 

U.S. stocks stumbled Monday after a bailout for Ireland failed to ease worries about Europe's debt troubles, denting the euro and bolstering the U.S. dollar.

"Investors are concerned that the Irish budget that will be voted on next week will not be approved by parliament," Marc Chandler, global head of currency strategy at Brown Brothers Harriman, wrote in a note.

Falling under 11,000 for the first time since last Tuesday, the Dow Jones Industrial Average (DJI) was lately off 113.11 points, or 1%, to 10,978.89, with 25 of its 30 components on the retreat. Should the Dow close under 11,000, it would be for the first time Oct. 19.

The S&P 500 Index declined 9.84 points, or 0.8%, to 1,179.56, with telecom and technology the hardest hit among its 10 industry groups. The Nasdaq Composite (RIXF) shed 26.54 points, or 1.1%, to 2,508.02.

Source : NASDAQ TODAY