HOW NOW, DOW JONES: The Dow Jones industrial average posted its 11th loss in 12 days as U.S. economic data exacerbated investors' fears over Europe. The two-week slump represents a sharp turn downward since May 1, when the index closed at a four-year high.

CATERPILLAR SLOWS: Caterpillar fell 4 percent, the most of the 30 stocks in the Dow, after reporting that global sales growth of construction and mining machinery slowed in the three months ending in April.

MANUFACTURING OFF: The Federal Reserve Bank of Philadelphia said manufacturing slowed in the mid-Atlantic region for the first time in eight months. The report was far worse than analysts had been expecting.