Posted By RichC on July 18, 2011
Stocks fell as the combination of anxieties about debt in the bloc of euro-using nations and a lack of progress in U.S. debt-ceiling negotiations sparked an early selloff.
The Dow Jones Industrial Average shed 146 points, or 1.2%, to 12334, led lower by Boeing, which shed 2.5%, and Bank of America, which fell 2.4%. The Standard & Poor’s 500 stock index fell 14 points, or 1.1%, to 1302, led lower by financial stocks, which were hit by the debt worries. The Nasdaq Composite INdex slid 28 points, or 1%, to 2762.