Wall Street falls at open as EU summit hopes wane

New York: US stocks fell at the open on Monday as expectations waned that a European Union summit this week would help calm the escalating euro zone debt crisis.

The Dow Jones industrial average was down 94.34 points, or 0.75%, at 12,546.44. The Standard & Poor’s 500 Index was down 11.31 points, or 0.85%, at 1,323.71. The Nasdaq Composite Index was down 31.57 points, or 1.09%, at 2,860.85.