3. Right now, the Dow is down another 66 points at 8,094. The NASDAQ Composite down 3 points at 1,662.
Turning to Europe 's major markets, London stocks were hit by a wave of profit taking after 5 straight record closes.
The FT 100 index down 36 points.
Pairs seeing losses as well, the CAC Quarante down 33 points or 1%.
And Frankfurt's DAX also fell 1% after briefly moving into record territory.
4.The Hand Seng Index close down 89 points at 13,521. The turnover was 7.71 billion dollars.
Now we'll look at the ten most active stocks.
Cable and Wireless HKT up 45 cents. HSBC holdings down 50 cents.
Hutchison down 50 cents. Shanglongkai Property up 2.25 dollar.
And China Telecom down a dollar and 50 cents.
Chang Kong up 25 cents. Pacific Central Cyberworlds down 10 cents.
CCT Telecom down 27.5 cents. New World CyberBase down 7.5 cents.
And Hanong Holdings down 25 cents.
The Hang Seng Index futures for November and December were all down.
Hong Kong gold closed at 2,670 Hongkong dollars. And London gold is trading at 289 US dollars.
5. Consumer electronics maker Philips Electronics reported a lower than expected profit for last year.
The company made about 2.4 billon dollars, more than 300 million dollars bellow estimates.
Oil company Royal Dutch Shell posted its earnings. It made roughly a 3.6 billion dollar profit for its fourth quarter.
That was essentially in line with straight Street expectations.
Electronic data systems also reported its fourth quarter numbers last night.
It posted a 70-cent profit per share, two cents better than expectation.