Stocks continued lower Thursday entering afternoon trading amid continuing worries about Europe’s financial crisis.
The news overtook some bright spots about a recovery. Approaching 1 p.m. Eastern time the S&P 500 was down 0.66 percent. The Dow Jones Industrial Average was off 0.60 percent. The Nasdaq was down 1.32 percent.
Stocks had been heading for a higher opening on enthusiasm over Europe and after news that jobless claims fell in the latest week. But the upbeat mood was subdued by a report in German newspaper Die Welt that Germany has not ruled out postponing a crucial EU summit set for this weekend to resolve the euro zone's debt crisis, Reuters reported.