Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly 5 percent of its value in two weeks.

The Dow closed down 63.35 points, or 0.5 percent, at 12,632.00.

The Standard & Poor's 500 index finished down 7.69 points, or 0.6 percent, at 1,330.66.

The Nasdaq composite index fell 8.82, or 0.3 percent, to 2,893.76.

For the week so far:

The Dow is down 188.60 points, or 1.5 percent.

The S&P 500 is down 22.73, or 1.7 percent.

The Nasdaq is down 40.06, or 1.4 percent.

For the year so far:

The Dow is up 414.44 points, or 3.4 percent.

The S&P 500 is up 73.06, or 5.8 percent.

The Nasdaq is up 288.61, or 11.1 percent.


Due to the overwhelming enthusiasm of our readers it has become necessary to transfer our commenting system to a more scalable system in order handle the content.