Concerns that Europe's debt crisis might be worse than expected canceled out good U.S. economic news today. The consumer price index fell in October and home builders reported an improved outlook for this month. Those two factors pared losses, but weren't able to pull the market into positive territory.
The Dow Jones industrial average was down 1.57 percent, or 190.11, to 11,906.65; the Nasdaq was down 1.73 percent, or 46.59 points, to 2,639.61; the Standard & Poor's 500 was down 1.66 percent, or 20.88 points, to 1,236.93; the NYSE composite was down 1.14 percent, or 85.48 points, to 7,424.44; and the AMEX composite was down 0.42 percent, or 9.60 points, to 2,277.50.
Hot Stocks
Dell Inc. (Nasdaq:DELL) missed Q3 revenue estimates, but met the EPS target. Shares were down 3.20 percent, or $0.50, to $15.13.
Target Corp. (NYSE:TGT) beat EPS and met revenue targets, but shares were down 0.45 percent, or $0.24, to $52.94.
Tyco International Ltd. (NYSE:TYC) missed Q4 fiscal 2011 numbers, but shares were up 2.71 percent, or $1.24, to $47.03.
Abercrombie & Fitch Co. (NYSE:ANF) badly missed Q3 expectations. That sent shares down 13.64 percent, or $7.60, to $48.10.
Deutsche Bank AG (NYSE:DB) fell 2.62 percent, or $0.99, to $37.12 on worries about the European situation.
Commodities and Currencies
Oil moved past $100 per barrel, up 2.5! 4 percen t, or $2.52, to $101.88 per barrel. Gold was down 0.52 percent, or $9.30, to $1,722.40 per ounce. Silver was up 0.03 percent, or $0.01, to $34.46 per ounce.
The euro lost 0.41 percent against the U.S. dollar to 1.3470.
The dollar lost 0.10 against the Japanese yen to 76.4470. The British pound lost 0.49 percent against the dollar to 1.5737.International Markets
Britain's FTSE lost 0.15 percent, or 8.42 points, to 5,509.02; Germany's DAX was down 0.33 percent, or 19.78 points, to 5,913.36; and France's CAC 40 was up 0.52 percent, or 15.77 points, to 3,064.90.
Hong Kong's Hang Seng was down 2.00 percent, or 387.54 points, to 18,960.90; Singapore's Straits Times was down 0.15 percent, or 4.14 points, to 2,807.44; and China's Shanghai Composite was down 2.48 percent, or 62.80 points, to 2,466.96.
Industry Watch
The consumer services industry was the day's winner, up 1.15 percent. Intersections Inc. (Nasdaq:INTX) was up 5.19 percent, or $0.61, to $12.41.
The music and video store industry was the day's loser, down 5.82 percent. Netflix Inc. (Nasdaq:NFLX) was down 5.97 percent, or $5.15, to $81.13 on news it faces a class-action lawsuit related to an earlier deal with Wal-Mart.
Best and Worst
Jaguar Mining Inc. (NYSE:JAG) was the day's big percentage gainer, up 44.90 points, or $2.42, to $7.81 per share. China's state controlled Shandong Gold Group is offering to buy ! Jaguar f or $1 billion.
Rambus Inc. (Nasdaq:RMBS) was the day's top percentage loser, down 59.91 percent, or $10.78, to $7.26 on news it lost an anti-trust case it brought against two competitors.
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