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    Stocks are slipping on Europe worries, Lowe's miss

    By BERNARD CONDON | Associated Press – Mon, Aug 20, 2012

    NEW YORK (AP) — Stocks are falling as worries flare anew about the European debt crisis.

    The Dow Jones industrial average is down 24 points to 13,251 just before noon EDT. The Standard & Poor's 500 is off three at 1,415. The Nasdaq composite is down eight points at 3,068.

    In a report Monday, the German central bank questioned the wisdom of having the European Central Bank buy bonds to help struggling European economies. It stressed that such purchases could carry "substantial risks."

    Earlier this month, ECB President Mario Draghi said the bank might buy government bonds of some European countries to help lower their borrowing costs.

    In the U.S., Lowe's, the world's No. 2 home improvement store, missed earnings expectations, and cut its outlook for the year. The stock is down 6 percent.

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