Concerns that Europe's debt crisis might be worse than expected canceled out good U.S. economic news today. The consumer price index fell in October and home builders reported an improved outlook for this month. Those two factors pared losses, but weren't able to pull the market into positive territory.
The Dow Jones industrial average was down 1.57 percent, or 190.11, to 11,906.65; the Nasdaq was down 1.73 percent, or 46.59 points, to 2,639.61; the Standard & Poor's 500 was down 1.66 percent, or 20.88 points, to 1,236.93; the NYSE composite was down 1.14 percent, or 85.48 points, to 7,424.44; and the AMEX composite was down 0.42 percent, or 9.60 points, to 2,277.50.
Dell Inc. (Nasdaq:DELL) missed Q3 revenue estimates, but met the EPS target. Shares were down 3.20 percent, or $0.50, to $15.13.
Target Corp. (NYSE:TGT) beat EPS and met revenue targets, but shares were down 0.45 percent, or $0.24, to $52.94.
Tyco International Ltd. (NYSE:TYC) missed Q4 fiscal 2011 numbers, but shares were up 2.71 percent, or $1.24, to $47.03.
Abercrombie & Fitch Co. (NYSE:ANF) badly missed Q3 expectations. That sent shares down 13.64 percent, or $7.60, to $48.10.
Deutsche Bank AG (NYSE:DB) fell 2.62 percent, or $0.99, to $37.12 on worries about the European situation.
Commodities and Currencies
Oil moved past $100 per barrel, up 2.54 percent, or $2.52, to $101.88 per barrel. Gold was down 0.52 percent, or $9.30, to $1,722.40 per ounce. Silver was up 0.03 percent, or $0.01, to $34.46 per ounce.
The euro lost 0.41 percent against the U.S. dollar to 1.3470. The dollar lost 0.10 against the Japanese yen to 76.4470.