Unrest in Greece rattled global financial markets Wednesday. Stocks suffered their biggest losses since June 1 as investors piled into lower-risk assets like the dollar and U.S. government bonds.
A report on manufacturing in the New York area also came in far below forecasts. That reignited fears that factory production, one of the few bright spots in the U.S. economy, may be weaker than many economists had believed.
The Dow Jones industrial average fell 178.84 points, or 1.5 percent, to 11,897.27.
The S&P 500 index fell 22.45, or 1.7 percent, to 1,265.42.
The Nasdaq fell 47.26, or 1.8 percent, to 2,631.46.
For the week:
The Dow is down 54.64, or 0.5 percent.
The S&P is down 5.56, or 0.4 percent.
The Nasdaq is down 12.27, or 0.5 percent.
For the year to date:
The Dow is up 319.76, or 2.8 percent.
The S&P is up 7.78, or 0.6 percent.
The Nasdaq is down 21.41, or 0.8 percent.