Published: Jun 01, 2010 3:19 PM EDT
Updated: Jun 01, 2010 12:20 PM EDT

NEW YORK (AP) - Stocks are falling in early trading after the euro fell to a new four-year low.

Major indexes are resuming their slide due to fresh concerns about the health of Europe's economy. Stocks fell late Friday after Fitch ratings cut its view on Spain's debt.

The euro fell as low as $1.2112 before recovering slightly to $1.2193. Investors are also wary about a slowdown in China's manufacturing sector.

A report on U.S. manufacturing due out Tuesday is expected to show a small slowdown in activity last month. The Dow Jones industrial average is down 85.48, or 0.8 percent, at 10,051.15. The Standard & Poor's 500 index is down 7.17, or 0.7 percent, at 1,082.24, while the Nasdaq composite index is down 14.15, or 0.7 percent, at 2,242.89.