Stocks Fall; Dow Has Its 11th Loss in 12 Days

By: Associated Press
By: Associated Press

New York, NY (AP) - May 17, 2012 --

The Dow Jones industrial average fell for the 11th time in 12 days after a pair of discouraging economic reports came as investors worried about Greece's possible exit from euro.

The Dow closed down 156 points at 12,442. The Standard & Poor's 500 fell 20 to 1,305, its lowest close since Jan. 17. The Nasdaq composite fell 60 points to 2,814.

The Federal Reserve Bank of Philadelphia said manufacturing slowed in the mid-Atlantic region for the first time in eight months. The Conference Board reported that its measure of future U.S. economic growth fell in April after six months of increases.

These gloomy reports were a surprise and came as investors continued to fret about developments in Europe, where Greece seemed headed for an exit from the euro bloc.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WSWG TV 107 2nd Ave S.W. Moultrie Ga. 31768
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 151939815 - wctv.tv/a?a=151939815