Summary Box: Stocks slump on Greek debt fears

AP News
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Posted: Sep 19, 2011 4:48 PM
Summary Box: Stocks slump on Greek debt fears

EUROPE FEARS RETURN: The week began with an end to the five-day winning streak in financial markets. Stocks fell on fears that Greece may not qualify for emergency funds it needs to avoid default.

U.S. DEBT UNCERTAINTY: President Barack Obama on Monday called for $1.5 trillion in new taxes to help reduce the U.S. deficit. The speech marked the start of a new round of deficit-reduction negotiations that are likely to be contentious.

THE INDEXES: The Dow fell 108.08, or 0.9 percent, to 11,401.01. The S&P 500 fell 11.92, or 1 percent, to 1,204.09. The Nasdaq fell 9.48, or 0.4 percent, to 2,612.