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Wednesday, May 19, 2010

US stocks drop; Indian ADRs follow suit


US stocks fell on Tuesday after euro dropped to new four-year low of USD 1.2160 on Tuesday.

The Dow dropped 114.88 points, or 1.08%, to 10,510.95. The Standard & Poor`s 500 index lost 16.14 points, or 1.42%, to 1,120.80. The Nasdaq composite index declined 36.97 points, or 1.57%, to 2,317.26.

Indian ADRs end lower.