{"id":14931,"date":"2011-11-14T17:44:00","date_gmt":"2011-11-14T17:44:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-down-amid-eurozone-jitters\/14924\/"},"modified":"2011-11-14T17:44:00","modified_gmt":"2011-11-14T17:44:00","slug":"stocks-down-amid-eurozone-jitters","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stocks-down-amid-eurozone-jitters\/14931\/","title":{"rendered":"Stocks Down Amid Eurozone Jitters"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><br \/>\n<!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><br \/>\n<!--\/mfunc--><\/p>\n<p>Stocks slumped further into losing territory during light trading Monday as investors remained anxious about Italy&#8217;s ability to implement austerity measures and amid fears that the region&#8217;s debt problems may spread to other euro zone economies.<br \/>\nThe <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> Industrial Average fell, led by Bank of America (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a>:BAC), down -0.175 \u00a0(-2.82%) \u00a06.035, and JPMorgan (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a>:JPM) 32.25 down -1.03 (-3.09%), after posting a 2 percent gain last Friday.<br \/>\nThe <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> and the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> also fell. The CBOE Volatility Index, widely considered the best \u00a0gauge of fear in the market, was above 31.<br \/>\nMost sectors of the S&amp;P were in red territory, led by banks and energy, while techs edged higher.<\/p>\n<p>In business news, Credit Suisse (<a href=\"https:\/\/stockmarketwatch.com\/exchanges\/nyse\/today\" data-internallinksmanager029f6b8e52c=\"2\" title=\"NYSE Today\">NYSE<\/a>:CS) 23.95, -1.08, -4.31%) saw its shares tumble nearly 5% after Moody&#8217;s put the Swiss investment bank&#8217;s credit rating on review for a possible downgrade, citing lackluster financial results.<\/p>\n<p>Caterpillar (NYSE:CAT) 96.268 up 0.138 \u00a0(+0.14%) gained after the heavy equipment maker said it will invest nearly $640 million to increase capacity for large mining trucks and tractors at two facilities in the U.S. Meanwhile, Goldman Sachs added the firm to its &#8220;conviction buy&#8221; list.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>Fellow Dow component Bank of America (BAC) \u00a06.04 \u00a0-0.17 (-2.74%) said it reached an agreement to sell about 10.4 billion common shares of China Construction Bank through private transactions with a group of investors.<br \/>\nBoeing (NYSE:BA) 67.98 up 1.06 \u00a0(+1.58%) \u00a0climbed to lead the blue-chip gainers after the aerospace and defense firm signed a $18 billion deal with Emirates. The airline placed an order for 50 777s, one of the largest orders ever placed with the aircraft maker. Boeing also landed a new customer, Oman Air, which ordered six 787s.<\/p>\n<p>IBM (NYSE:IBM) 187.56 \u00a0\u00a0up 0.18 \u00a0(+0.1%) rose after billionaire investor Warren Buffett told CNBC that his firm, Berkshire Hathaway (NYSE:BRK.A) 113490.00 \u00a0down -1971.00 \u00a0(-1.71%) has purchased $10.7 billion worth of the tech giant&#8217;s stock this year.<\/p>\n<p>In tech trading, Salesforce.com (NYSE:CRM) 133.09 \u00a03.22 \u00a0(+2.48%) \u00a0rallied after Citigroup upgraded the cloud computing company to &#8220;buy&#8221; from &#8220;neutral,&#8221; citing increasing confidence in the firm&#8217;s long-term profitability potential.<br \/>\nOther Internet companies were trading higher, including Google (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">NASDAQ<\/a>:GOOG) 613.49 \u00a0up 5.14 (+0.84%), Amazon.com (NASDAQ:AMZN) 219.30 up 1.91 (+0.88%) , Priceline (NASDAQ:PCLN) 534.29 \u00a0up 0.98 (+0.18%), and Baidu (NASDAQ:BIDU) 138.258 up 0.498 \u00a0(+0.36%).<\/p>\n<p>On the earnings front, JCPenney (NYSE:JCP) 33.07 down -0.85 \u00a0(-2.51%) slipped after the clothing retailer posted a loss after same-store sales and gross margin declined. The firm also expects same-store sales for the holiday quarter to be flat. J.C. Penney reported a quarterly loss, saying its results were weighed down by restructuring costs.<\/p>\n<p>Lowe&#8217;s Companies, Inc. (NYSE:LOW) reported better-than-expected quarterly results and laid out a blueprint to win back shoppers from larger rival Home Depot Inc (NYSE:HD), even as skeptics said they saw little chances of a fast turnaround at the smaller home improvement chain. Lowe&#8217;s 23.41 \u00a0up 0.30 \u00a0(+1.3%) edged higher after reporting the results and raising its full-year revenue outlook.<\/p>\n<p>Urban Outfitters (NASDAQ:URBN) 26.75 \u00a0-0.07 (-0.26%) \u00a0is scheduled to post earnings after-the-bell tonight; brand Anthropologie was down last week.<\/p>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n.<\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Meggan  <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stocks slumped further into losing territory during light trading Monday as investors remained anxious about Italy&#8217;s ability to implement austerity [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[3,94],"tags":[],"class_list":["post-14931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-market-update"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/14931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=14931"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/14931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=14931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=14931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=14931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}