Friday, October 21, 2011

Wall Street opens lower on wariness over Europe

By Patrick Rizzo

Stocks opened slightly lower on Wall Street Thursday as angst over Europe overshadowed optimism over the U.S. labor market.

Stocks had been heading for a higher opening?on enthusiasm over Europe and after news that jobless claims fell in the latest week. But the upbeat mood was?subdued by a report in?German newspaper Die Welt that Germany has not ruled out postponing a crucial?EU summit?set for this weekend to resolve?the euro zone's debt crisis, Reuters reported.

The Associated Press also reported that less-than-stellar earnings?reports from Southwest Airlines and AT&T may have?also put pressure on stocks.?

Source: http://bottomline.msnbc.msn.com/_news/2011/10/20/8412819-wall-street-stocks-open-slightly-lower

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