U.S. Stocks Fall as Greek Talks Lumber; Apple Falls

By: Christina Rexrode, Associated Press
By: Christina Rexrode, Associated Press

New York, NY (AP) - Stocks have slumped in one of their worst showings this year.

Greece once again cast a long shadow over the financial markets as that country slogs through negotiations over a bailout.

The Dow Jones industrial average ended down 97 points at 12,781. The Dow barely missed its first triple-digit loss this year. It's still the worst decline for the Dow in 2012. The average was down as much as 125 points during the day.

The Standard & Poor's 500 and the Nasdaq composite index climbed tentatively through the morning but gave up their gains by afternoon. The S&P fell seven points Wednesday to 1,343. The Nasdaq fell 16 points to 2,916.

Declining stocks outnumbered gainers by about 4-to-3. Volume was about average at 4 billion shares on the New York Stock Exchange.


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  • by Gerry on Feb 16, 2012 at 11:43 AM
    No I'm the real Gerry. Get off your high horse Gerry #2.
  • by Gerry Location: Tallahassee on Feb 16, 2012 at 06:12 AM
    The comments at 5:51 PM and 8:13 AM were not written by the original Gerry poser. Whatever happened to mc, the Tea Party cretin? Jack is back and is still smirking normally. I really thought my original post was self-explanatory. It states the total national debt on 3 dates and the yield of the 10 year Treasury note in secondary markets yesterday at 5 PM.
    • reply
      by Gerry on Feb 16, 2012 at 08:39 AM in reply to Gerry
      Should be Gerry poster, not Gerry poser.
  • by Gerry on Feb 15, 2012 at 02:51 PM
    Today the ten year is up, gold is up silver is up oil is up and the stock market is down.....i posted what everyone else could have looked up but i don't have a clue what it means....why do pennies cost more than one cent?
    • reply
      by Gerry on Feb 15, 2012 at 05:12 PM in reply to Gerry
      This was written by fake Gerry. The price of the 10 year is up? Yes. That's what it means for the yield to be down. Yield and price move in opposite directions. A 10 year Treasury note is a fixed stream of payments. The amount and the dates of the payments are fixed. If you pay more the yield is less and if you pay less the yield is more.
      • reply
        by Gerry on Feb 16, 2012 at 05:13 AM in reply to Gerry
        what does it mean fake gerry?
  • by Gerry Location: Tallahassee on Feb 15, 2012 at 02:17 PM
    As of 17:00 ET, Feb 15, the US borrows for 10 years at 1.93%. Total US national debt on 2/14/12 = $15.359 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.732 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
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