Stock indexes tumble over debt anxiety

U.S. stock indexes fell Monday in late afternoon trading over investor jitters about eurozone debt crisis and the U.S. debt ceiling. The Dow Jones industrial average recovered from intraday losses of more than 150 points to close down 94.57, or 0.76 percent, at 12,385.16. The Nasdaq lost 24.90 points, or 0.89 percent, to finish the session at 2,764.90. The Standard & Poor's 500 slipped 27.72 points, or 1.32 percent, to end at 2,067.99. Investors abandoned risky assets as European sovereign-debt worries strained bond prices in some of eurozone countries. European Union leaders will meet Thursday in Brussels to discuss another bailout for the financially shaken Greece. Meanwhile, the stalemate over raising the U.S. debt ceiling remained. Senate leaders indicated they would unveil their backup plan -- which includes more budget debate by the end of the year in exchange for approving raising the country's debt limit to avoid default -- later this week. The House of Representatives postponed a scheduled vote on a balanced budget amendment until next week, Roll Call reported. The listed volume on the New York Stock Exchange was 3.595 shares, with 454 stocks advancing and 2,603 declining. The 10-year treasury note was 2.92 percent The euro was $1.4089, down from $1.4144 Friday. Against the Japanese yen, the dollar was 79.07, showing no change from Friday. In Tokyo, the Nikkei Average closed at 9.972.59, up 36.47. In London, the FTSE 100 closed at 5,766.36, off 77.30.