NEW YORK, Feb. 8 (Xinhua) -- U.S. stocks closed lower after a choppy session on Monday as worries about the debt crises in Europe outweighed upbeat earnings reports.
Dow settled below 10,000 points level for the first time since November, while S&P and Nasdaq lost more than 0.5 percent.
Concerns over the debt situation in Europe, which spurred jitters in the market and led to big sell-offs last week, still weighed on the market on Monday.
Soaring budget deficit in several weaker European economies including Greece, Portugal and Spain exacerbated investors' worries about the health of the global financial system. Banking shares were among the top laggers on Monday.
Major indexes turned positive in late morning trading, boosted by upbeat earnings. Toy maker Hasbro rallied 12.7 percent after its fourth quarter earnings easily beat estimates.
Home Depot gained 2.2 percent after Morgan Stanley upgraded the stock to overweight from equal weight.
The Dow Jones fell 103.84, or 1.04 percent, to 9,908.39. The Standard & Poor's 500 index dropped 9.45, or 0.89 percent, to 1, 056.74 and the Nasdaq lost 15.07, or 0.70 percent, to 2,126.05.
