NEW YORK (AP) — Fresh worries about European banks are sending stocks lower. Treasury prices are rising as investors seek out safe places to park their money.
With little economic news in the U.S. following the Labor Day weekend, traders are focused on developments overseas.
European stocks are falling following news reports that banks there may have more risky government debt on their books than was disclosed during "stress tests" earlier this year. That could mean fees from regulators and more capital-raising by the banks to bolster their balance sheets.
The Dow Jones industrial average is down 75, or 0.7 percent, at 10,373. The S&P 500 is down 9, or 0.8 percent, at 1,095, while the Nasdaq composite is down 16, or 0.7 percent, at 2,218.
