NEW YORK (AP) — U.S. stocks are falling at the opening of trading on more signs of economic weakness around the world.
More Americans joined the unemployment line last week than a week earlier. And consumers were under even more pressure at the cash register last month than economists thought, thanks to higher gas prices.
The Dow Jones industrial average is down 322 points, or 2.8 percent, to 11,087. The S&P 500 is down 38, or 3.2 percent, to 1,156. The Nasdaq composite is down 93, or 3.7 percent, to 2,418.
Asian and European markets fell earlier after reports showed Japan’s exports fell for the fifth straight month and slower retail sales growth in Britain