Stocks fall; Dow suffers third triple-digit loss
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Stocks fall; Dow suffers third triple-digit loss
Fears about Greece’s need to restructure punish indexes
SAN FRANCISCO (MarketWatch) — U.S. stocks sank Tuesday, resulting in the third straight session of triple-digit losses for the Dow average, following a report that Greece is still unable to pay off what it owes and will need to go through further debt restructuring.
The Dow Jones Industrial Average (DJI
JIA) ended down 104.14 points, or 0.8%, to 12,617.32. The last time it had three straight days of 100-point-plus losses was in early September. It’s lost 2.5% over the past three sessions.
The big slide kicked off when Reuters reported that three EU officials believe Greece will have to restructure some 200 billion euros (around $242 billion) in debt, placing more strain on the European Central Bank and euro-zone members. http://www.marketwatch.com/story/us-stocks-dr...beforebell
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