US stocks follow global markets lower

AP News
Posted: Jun 11, 2013 9:44 AM
US stocks follow global markets lower

NEW YORK (AP) — Stocks are falling in early trading on Wall Street, following global markets lower after the Bank of Japan declined to take further action to shore up that country's financial system.

The Dow Jones industrial average fell 127 points to 15,113 in the first few minutes of trading Tuesday, a loss of 0.8 percent.

The Standard & Poor's 500 index fell 16 points to 1,624, a decline of 1 percent. The Nasdaq composite was down 39 points to 3,429, or 1. percent.

Indexes fell in Asia and Europe after Japan's central bank disappointed investors by not taking new measure to ease the volatility in the Japanese government bond market.

Lululemon, the yoga clothing maker, dropped 15 percent after the company said its CEO was leaving.