Biggest drop of year for Dow as US market slumps | Comcast
Stocks suffered their biggest losses of the year Tuesday as a sell-off spread west from Europe ahead of a critical deadline in the Greek debt crisis. The Dow Jones industrial average fell more than 200 points.
The Dow has not closed down more than 100 points this year, and its biggest one-day decline had been 159 points, on Jan. 13. It fell sharply from the opening bell Tuesday and was down as much as 208.
Just before 1 p.m. EST, the Dow was down 199 points, or 1.5 percent, at 12,763. The Standard & Poor's 500 index was down 20 points at 1,344, and the Nasdaq composite index was down 43 points at 2,908.
Stocks fell more than 3 percent in Germany, Spain and France, and 1.9 percent in Britain. Thursday is the deadline for private investors to sign up to swap their Greek government bonds for replacements with a lower face value and interest rate.
Expect more of this as the European market takes a crap ,Greece has already had a second bailout ....
Stocks suffered their biggest losses of the year Tuesday as a sell-off spread west from Europe ahead of a critical deadline in the Greek debt crisis. The Dow Jones industrial average fell more than 200 points.
The Dow has not closed down more than 100 points this year, and its biggest one-day decline had been 159 points, on Jan. 13. It fell sharply from the opening bell Tuesday and was down as much as 208.
Just before 1 p.m. EST, the Dow was down 199 points, or 1.5 percent, at 12,763. The Standard & Poor's 500 index was down 20 points at 1,344, and the Nasdaq composite index was down 43 points at 2,908.
Stocks fell more than 3 percent in Germany, Spain and France, and 1.9 percent in Britain. Thursday is the deadline for private investors to sign up to swap their Greek government bonds for replacements with a lower face value and interest rate.
Expect more of this as the European market takes a crap ,Greece has already had a second bailout ....