May 25, 2013
Wall Street slips, as European shares halt slide on China data
Global shares fell on Wednesday as investors soured on another round of underwhelming corporate results, while the euro slipped on signs that the euro zone is heading toward a deeper recession than previously feared.
US stocks ended lower for a second day, as investors soured on another round of underwhelming corporate results and the Federal Reserve said it would stick to its stimulus plan.
The Dow Jones industrial average slipped 25.11 points, or 0.19 percent, to end at 13,077.42. The Standard & Poor's 500 Index shed 4.33 points, or 0.31 percent, to finish at 1,408.76. The Nasdaq Composite Index declined 8.77 points, or 0.
European shares halted a three-day slide as encouraging Chinese data fuelled a rebound in oil and mining stocks, while strong earnings boosted tech shares.
They were among biggest gainers on the pan-European FTSEurofirst 300 index, which closed 0.5 percent higher at 1,095.16 points, on volume 9 percent greater than the 90-day average.