US stocks slump amid eurozone worries
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NEW YORK, Feb 4 AFP
February 05 2013, 08:29AM
US stocks have closed sharply lower as signs of political instability in Italy and Spain renewed worries about the the eurozone's long-running public debt crisis.
At the closing bell on Monday, the Dow Jones Industrial Average was down 129.25 points (0.92 per cent) at 13,880.54.
The S&P 500-stock index fell 17.42 (1.15 per cent) to 1,495.75, while the tech-rich Nasdaq Composite Index shed 47.93 (1.51 per cent) at 3,131.17.
After the US equity markets hit highs unseen in more than five years last week, stocks were "pressured by political concerns out of the eurozone," Charles Schwab & Co said in a market note.