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Stocks trim losses but still finish down

September 6, 2011 |  2:12 pm

WallSt1-Stan Honda-Getty Images

A late-afternoon rally helped U.S. stocks trim their losses Tuesday, but the Dow Jones industrial average nevertheless suffered a triple-digit decline for the third consecutive day.

Ongoing concern about the European debt crisis weighed on U.S. financial markets, driving the yield on the 10-year Treasury note to 1.98%, another fresh low.

The Dow dropped 100.96 points, or 0.9%, to 11,139.30. The Standard & Poor’s 500 index fell 8.73 points, or 0.7%, to 1,165.24.

The Dow was off more than 300 points at its low before reclaiming part of its losses. Nonetheless, it's still down 474 points, or 4.1%, in the past three trading sessions.

Stocks slipped despite a private report showing the U.S. service sector growing faster than expected last month.


Stocks fall on European fears

Stocks fall in eurozone as U.S. jobs report adds to investor worries

Asian shares tumble on grim U.S. jobs report

-- Walter Hamilton

Photo: A Wall Street sign in New York. Credit: Stan Honda/Getty Images