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Wall Street opens lower on Europe concerns

NEW YORK (Reuters) - Stocks opened lower on Thursday as investors were skeptical that the latest European Union summit would agree on concrete measures to tackle the region's debt crisis.

Financial shares <.GSPF> were the weakest, falling 1.2 percent after a report that JPMorgan Chase's trading loss could be as big as $9 billion.

The Dow Jones industrial average <.DJI> was down 99.68 points, or 0.79 percent, at 12,527.33. The Standard & Poor's 500 Index <.SPX> was down 11.15 points, or 0.84 percent, at 1,320.70. The Nasdaq Composite Index <.IXIC> was down 34.17 points, or 1.19 percent, at 2,841.15.

(Reporting by Ryan Vlastelica; Editing by Dave Zimmerman)

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