Stocks lower after German finance minister’s comment

October 17, 2011 5:56 AM2 commentsViews: 17

Stocks lower after German finance minister's comment

NEW YORK – Stocks opened lower on Monday after the market’s best two-week run since 2009 as Germany’s finance minister said a forthcoming summit would not yield a definitive solution to Europe’s debt crisis.

The Dow Jones industrial average <.DJI> dropped 46.55 points, or 0.40 percent, to 11,597.94. The Standard & Poor’s 500 Index <.SPX><.INX> fell 5.30 points, or 0.43 percent, to 1,219.28. The Nasdaq Composite Index <.IXIC> lost 15.33 points, or 0.57 percent, to 2,652.52.

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