Greek Turmoil Causes More Losses on Wall Street
More turmoil in Greece caused fallout across the financial markets.
The Dow Jones industrial average fell for the fourth day in a row. Oil closed at its lowest level since November. The euro fell to a four-month low. And the price of gold hit the lowest level since December.
As investors fled to safer U.S. government bonds, the yield on the benchmark 10-year Treasury note hit its lowest this year.
New elections were called in Greece for June 17 after coalition talks to form a government fell apart.
The Dow closed down 33 points at 12,598. The Standard & Poor’s 500 index was down six at 1,325. The Nasdaq composite fell 20 to 2,874.
Volume was slightly above average at 4.2 billion shares. Declining stocks outpaced advancers 2-to-1.
(Copyright 2012 by The Associated Press. All Rights Reserved.)