International markets roundup
Market watch top headlines
A roundup of trading on major world markets:
NEW YORK - US stocks slashed steep early losses in the last hour of trade to end moderately lower, amid short covering and hopes that EU leaders would agree measures to stem the eurozone crisis.
Falls in tech stocks ruled the day as the US Supreme Court's ruling in favour of the Obama administration's controversial health care law had little overall effect on trade.
The Dow Jones Industrial Average on Thursday closed down 24.75 points (0.20 per cent) at 12,602.26, after having been off by more that 170 points during the session.
The S&P 500 index lost 2.81 (0.21 per cent) to 1,329.04, while the tech-rich Nasdaq lost 25.83 (0.90 per cent) to 2,849.49.
The Dow was more than one per cent lower earlier, amid worries of deep rifts in the EU leaders' crisis summit in Brussels.
LONDON - European stock markets and the euro have slid, with traders waiting to see if EU leaders will deliver concrete steps to tackle the eurozone's spreading debt crisis.
London's benchmark FTSE 100 index shed 0.56 per cent to 5,493.06 points on Thursday, with bank stocks hurt by an interest rate fixing scandal.
In Frankfurt, the DAX 30 tumbled 1.27 per cent to 6,149.91 points and in Paris the CAC 40 slid 0.37 per cent to 3,051.68 points.
Milan rose by 0.67 per cent, however, and Madrid gained 0.82 per cent as MPs passed a 2012 austerity budget.
The euro retreated to $US1.2435 from late Wednesday's $US1.2467 in New York.
HONG KONG - Asian markets closed mixed as a positive lead from Wall Street was offset by low expectations of concrete action at a key EU summit to resolve the spiralling eurozone crisis.
The euro slid ahead of the European Union meeting, with investors fearful that divisions could scupper efforts to save the single currency.
Tokyo jumped 1.65 per cent, or 143.62 points, to close at 8,874.11 on Thursday, but Hong Kong dropped 0.79 per cent, or 151.68 points to finish at 19,025.27 and Shanghai was off 0.95 per cent, or 21.09 points, at 2,195.84.
Seoul was flat, edging up 0.08 per cent, or 1.53 points, to close at 1,819.18, while Sydney added 0.04 per cent, or 1.62 points, to end at 4,044.8.
WELLINGTON - The NZX 50 Index rose 13.56 points, or 0.4 per cent, to 3401.34.