US Stocks Fall On Recession Fears, Concerns Over Europe's Economy

September 06, 2011

U.S. stock indexes fell again Tuesday on investor fears about another U.S. recession and Europe's troubled economy.

The Dow Jones Industrial Average dropped one percent (101 points) to close at 11,139. The S&P 500 was down three-quarters of a percent (9 points) at 1,165. The technology-laden NASDAQ composite index was off one-fourth of a percent (seven points) to close at 2,474.

Stocks closed mixed in Europe.

London's Financial Times 100 index closed up 1.1 percent (54 points) at 5,157. The CAC-40 in Paris closed down 1.1 percent (34 points) to 2,966. Frankfurt's DAX index was down 1 percent (52 points) to finish the day's trading at 5,194.

Earlier in Asia, Tokyo's Nikkei index dropped 2.2 percent ((194 points)) to finish at 8,591. Hong Kong's Hang Seng index rose one-half of one percent (94 points) to finish the day's trading at 19,711.

Gold closed down $3.80 to $1869.90 an ounce.

The dollar was up against both the euro and yen.