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Greek Turmoil Causes More Losses on Wall Street

More turmoil in Greece caused fallout across the financial markets.

Spencer Platt, Getty Images

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.)

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