What’s Up On Wall Street?
All of the U.S. indexes closed in the red Monday as Moody’s cut Germany’s credit rating to “negative” on concerns about the eurozone’s stability and need of more bailout funds. The Dow Jones Industrial Average closed down -101 points (-0.79 %). Also, the Nasdaq Composite closed down 35.15 points (-1.20 %). Finally, the S&P 500 closed down 12.14 points (-0.89 %).