AP News

Stocks drift lower amid Europe gloom


NEW YORK (AP) — Stocks are closing slightly lower on Wall Street.

Fear about the European economy overshadowed recent excitement about help from the world's central banks. The Dow Jones industrial average finished down 20 points at 13,559.

The Standard & Poor's 500 index ended the day off three at 1,457, and the Nasdaq composite index fell 19 to 3,161.

Declining stocks outnumbered advancers by about 3-to-2. Early calculations show volume was lighter than average, just under 3 billion shares.

Apple stock fell 1.3 percent and back under $700 a share after missing some analysts' targets for early sales of the iPhone 5.


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