Still Worried European, U.S. Stocks Weakens

U.S. stocks end mostly lower in choppy trade on Tuesday (05/11/2010), as investors worry about bailout plan (bailout) for the massive potential impact of the euro zone and Europe in the global economic recovery.

The Dow Jones Industrial Average ended down up and down before 36.88 points (0.34 percent) at 10748.26 at the close of the market.

Then the NASDAQ composite index rose struggled thin 0.64 points (0.03 percent) at 2375.31, while the market index Standard & Poor's 500 fell 3.95 points (0.34 percent) to 1155.78.

Wall Street stumbled following the losses on Asian and European stock markets on the back of strong rally on Monday sparked by the launch of the euro zone rescue plan by the European Union and the International Monetary Fund to ward off the debt crisis.

The Dow has jumped nearly four percent for European action unprecedented ease market concerns that while the Greek debt crisis could spread to other euro zone members.

"The optimism of the financial rescue package for the euro area were expelled because of a trillion dollar shift in focus to the difficulties of fiscal changes in the euro zone countries that are full of debt that must be carried out towards the long-term sustainability," analyst Charles Schwab & Co. said in a note to clients.

Patrick O `Hare said that the market has awakened to the fact that attempts to solve the debt problem by creating more debt a little like trying to solve the problem of consumer debt by transferring balances to your credit card debt with a higher credit limit.

Tactics were bought some time, but does not change the fact that we still have a debt problem.