EU drives down US stocks; employment at 15-year high
PUBLISHED ON: May 2, 2012 | Duration: 25 min, 28 sec
Stocks were lower on Wednesday as a weaker euro zone report heightened concerns about the region's fiscal health while domestic US data cast doubts on the strength of the economic recovery. EU region unemployment rises to a 15-year high as manufacturing contracted for a ninth consecutive month. Unemployment also rises in Germany, the biggest economy in the region.