Stocks End Lower on Japan Nuclear Crisis
NEW YORK ( TheStreet) -- Stocks settled lower on Monday as investors worried about the impact of the devastating earthquake and tsunami in Japan Friday, and as the nuclear crisis in the country deepens.
The Dow Jones Industrial Average fell by 62 points, or 0.5%, to close at 11,983. The S&P 500 lost 7 points, or 0.6%, at 1,297 and Nasdaq shed 14 points, or 0.5%, at 2,701.
Shares of General Electric (GE) led the Dow lower, shedding 2.2% to $19.92 at the closing bell. GE supplied one of the reactors at Tokyo Electric's (TOELF.PK) Fukushima nuclear plant, which has been rocked by two explosions in the last three days.
|The damaged Unit 1, left, and Unit 2, right, of the Fukushima Dai-ichi nuclear plant are seen in Okumamachi, Fukushima Prefecture.|
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