By  on July 10, 2014

U.S. equity markets fell in early morning trading on renewed fears over European banks.

The Dow Jones Industrial Index fell 150.5 points, or 0.9 percent, to 16,835.15. The S&P Retailing Industry Group slipped 1.8 percent to 886.26.

Key European indices also saw some slippage, with the FTSE 100 in London down 0.9 percent to 6,655.36; the CAC 40 in Paris down 1.6 percent to 4,291.41; the DAX in Frankfurt down 1.6 percent to 9,647.19, and the FTSE MIB in Milan falling 2.5 percent to 20,360.68.

While the concern overseas was centered on Portuguese bank Banco Espirito Santo, that concern raised fears of possible issues at other euro-zone banks.

 

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