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The Journal Gazette

  • FILE - In this Feb. 8, 2013 file photo. Trader Peter Costa, left, works on the floor of the New York Stock Exchange, in New York. Stock markets in Hong Kong, mainland China and Seoul were among those closed Monday, Feb. 11, 2013, for the Lunar New Year holiday. Japanese markets were also shut for a public holiday. European stocks were mostly higher in early trading, while Wall Street futures signaled gains ahead of the opening bell. (AP Photo/Richard Drew, File)

Monday, February 11, 2013 9:42 am

Stocks head lower after jumping last week

The Associated Press

Investors are stepping back after a strong week on major U.S. indexes.

The Dow Jones industrial average is down 27 points at 13,964.30 shortly after the opening bell Monday. The Standard & Poor's 500 index slipped 1.3 points to 1,516.60 and the Nasdaq composite is down 0.9 points to 3,193.

With little in the way of indicators in the U.S. and a light earnings schedule Monday, Europe is weighing on markets.

Greece's farmers launched a campaign of daily anti-austerity highway blockades Monday, as the conservative-led government insisted deep spending cuts are working.

European Union Central Bank President Mario Draghi says that if the euro continues to rise, the trading bloc's monetary policy could shift.

That could be damaging to U.S. exporters.