Dow falls as European debt spreads

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The Dow Jones industrial average closed down 47 at 11,006.

Stocks have finished November on a down note as investors worried that Europe’s debt crisis will continue to spread.

Major indexes pared their losses on Tuesday after President Barack Obama and Republican leaders said they would try to find a way to extend Bush-era tax cuts.

According to preliminary calculations, the Dow Jones industrial average fell 47, or 0.4%, to 11,006.

The S&P 500 fell 7, or 0.6%, to 1,181. The Nasdaq composite index fell 27, or 1.1%, to 2,498. All three indexes are down for the month.

Two shares fell for every one that rose on the New York Stock Exchange. Trading volume came to 1.5 billion shares.

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