WKYT | Lexington, Kentucky | News

US stocks open lower as euro worries persist

NEW YORK (AP) - U.S. stocks are slipping at the opening of trading on renewed worries about Europe.

Italy's borrowing rates ratcheted higher and the euro slid below $1.30 for the first time since January, two signs that the debt crisis continues to pressure Europe's governments. Italy had to pay higher borrowing rates in its last bond auction of the year Wednesday.

The Dow was off about 70 points in the early going, while the S&P and the Nasdaq were also down.

In Europe, Germany's DAX dropped 1.3 percent; France's main stock index fell 1.9 percent.

First Solar Inc. plunged 16 percent after the country's largest solar company cut its earnings estimate for the year.


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