Greek Fears Send Stocks to Three-Month Low
By JONATHAN CHENG
U.S. stocks tumbled as fears of contagion around a Greek default picked up, adding more pessimism to a foreboding mix of U.S. economic data.
The Dow Jones Industrial Average sank 178.84 points, or 1.48%, to 11897.27, a new three-month low that wiped out the week's gains.
The Standard & Poor's 500-stock index fell 22.45 points, or 1.74%, to 1265.42 and the Nasdaq Composite shed 47.26 points, or 1.76%, to 2631.49.
The declines were broad-based. All 30 of the Dow components and all 10 sectors of the S&P 500 finished lower. Only 13 of the S&P 500 companies bucked the trend with modest gains.
After the selloff, all three major indexes are down for the week—putting the U.S. stock markets on track for their first seven-week slide since 2001.
A market rally ends as turmoil in Greece dampens outlooks. Plus, Pandora shines on its opening day, a look at what the Fed is planning, and why investors should take a look at equities
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