As U. S. investors could not shake off a global downward trend, markets on Wall Street spent midday in the black, but gains tailed off in late afternoon trading.

According to the reports, Investors learned early Tuesday unemployment in the 16-nation eurozone rose from 10 percent to 10.1 percent in April although unemployment in the 27-nation European Union was unchanged at 9.7 percent.

EU banks faced more write-downs for the next two years on bad loans in addition to worries about government bonds, the European Central Bank said in a biannual report.

The Dow Jones industrial average, by close, lost 112.61 points, 1.11 percent to 10,024.02. The Standard & Poor's 500 index lost 1.72 percent, 18.70, to 1,070.71.

Shedding 34.71 or 1.54 percent, the Nasdaq composite index went down to 2,222.33.

642 stocks advanced and 2,403 declined on a volume of 5.2 billion shares traded, on the New York Stock Exchange,.

It was also reported that the benchmark 10-year Treasury note rose 11/32 to yield 3.263 percent.

From Friday's $1.2304, the euro fell to $1.2236.

The dollar, against the yen, rose to 901.022 yen from Friday's 91.18 yen. (With Inputs from Agencies)