Wall Street trims losses into EU market close
May 9th, 2012 by admin

(Reuters) – Stocks cut losses heading into the close on Wednesday of European markets, in choppy trading driven by increased fears about Europe’s debt crisis.

The S&P 500 earlier had fallen sharply to test support at around 1,340 before recovering of its losses just ahead of the close of stock trading in Europe.

The Dow Jones industrial average .DJI was down 62.48 points, or 0.48 percent, at 12,869.61. The Standard & Poor’s 500 Index .SPX was down 6.27 points, or 0.47 percent, at 1,357.45. The Nasdaq Composite Index.IXIC was down 10.59 points, or 0.36 percent, at 2,935.68.

(Reporting by Edward Krudy; Editing by Jan Paschal)