NEW YORK (July 20, 2012)—All three major indexes closed down about 1 percent Friday as the crisis in Europe deepened.
The Dow Jones industrial average was down 121 points to close at 12,823.
The Standard & Poor's 500 was down 14 at close at 1,363.
The Nasdaq composite index ended the day down 41 to 2,925.
In Spain, the stock market plunged and borrowing costs spiked after a regional government asked for a financial lifeline.
The Treasury minister predicted the recession would drag into 2013.
Chipotle plunged 22 percent as analysts worried that the chain's high-powered growth could be slowing.
Chip maker Advanced Micro Devices fell 13 percent after reporting lower revenue and earnings.
Roughly two stocks fell for every stock that rose.
Volume was average, 3.7 billion shares.