WINDERMERE, Fla. (Stockpickr) -- U.S. stocks are trending noticeably lower today as fears grow among investors over Italy's long-term debt auction set for Thursday.
It appears that traders are taking some risk off the table ahead of the Italian auction as the euro prints new 11-month lows. Weak demand for Italian debt on Thursday could stoke more sovereign debt fears, so traders are selling equities first and asking questions later.
At last check, the Dow Jones Industrial Average had shed 131 points, and the S&P 500 was off by around 14 points. The tech-heavy Nasdaq was trending lower by 30 points.
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