Stocks down Monday morning

NEW YORK, Nov. 14 (UPI) -- Stocks on Wall Street tipped lower Monday as investors remained focused on the debt crisis in Europe.

Stocks in Asia traded mostly higher, but stocks in Europe fell broadly after Italian Prime Minister Silvio Berlusconi resigned, but pledged to continue working on fiscal reforms. Economist Mario Monti, a former member of the European Commission, is taking over from Berlusconi.

In midmorning trading in New York, the Dow Jones industrial average shed 51.01 points, 0.4 percent, to 12,102.67. The Standard & Poor's 500 index lost 6.54 points, 0.5 percent, to 1,257.31. The Nasdaq composite index gave up 8.89 points, 0.3 percent, to 2,669.67.

The benchmark 10-year treasury note fell 5/32 to yield 2.075 percent.

The euro fell to $1.3635 from Friday's $1.3755. Against the yen, the dollar fell to 77.01 yen from Friday's 77.15 yen.

In Tokyo, the Nikkei 225 index gained 1.05 percent, 89.23, to 8,603.70.