US stocks fall on worries about Europe's economy

CHRISTINA REXRODE AP Business Writer Published:

NEW YORK (AP) -- Stocks are falling for the third day in a row. Investors got reminders that Europe has not solved its debt crisis and the U.S. economy is far from healed, despite progress on both fronts.

The Dow Jones industrial average is down 80 points to 13,046. The broader Standard & Poor's 500 is down 13 points to 1,393. The Nasdaq composite index is off 31 at 3,074. European markets are also down.

There was some positive news about the U.S. economy on Thursday. The government reported that weekly jobless claims fell last week.

Best Buy is down more than 9 percent after announcing big spending cuts, including plans to close 50 stores. JetBlue, still facing backlash over an allegedly erratic pilot this week, is down 8 percent.