May 25, 2012
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Stocks Plunge Friday After Greece Hits A Roadblock

NEW YORK (February 10, 2012)--Stocks ended their worst day of this year Friday after Greece hit a roadblock on its way to a critical bailout.

The Dow Jones industrial average closed down 89 points, or 0.7 percent, at 12,801.

The broader Standard & Poor's 500 was down nine points to 1,343.

It was the first losing week for the index this year.

The Nasdaq composite closed down 23 points at 2,904.

Stocks fell all day on news that European finance ministers were insisting that Greece cut even more in wages and spending if the nation hopes to get bailout money to pay its creditors.

Three stocks fell for every one that rose Friday on the New York Stock Exchange where volume was light as just 3.5 billion shares traded hands.


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