A three-day winning streak in the stock market came to an end Wednesday as investors worried about Europe's ability to contain its debt crisis. The Dow Jones industrial average fell 180 points. Raw materials companies had the biggest declines after prices for commodities like copper and oil fell sharply.
Traders focused on remarks from German Chancellor Angela Merkel suggesting that the second bailout package for Greece might have to be renegotiated. Several European leaders want banks to take bigger losses on Greek bonds. France and the European Central Bank oppose the idea.
The Dow Jones industrial average fell 179.79 points, or 1.6 percent, to close at 11,010.90.
The Standard & Poor's 500 fell 24.32, or 2.1 percent, to 1,151.06.
The Nasdaq composite index fell 55.25, or 2.2 percent, to 2,491.58.
For the week to date:
The Dow is up 239.42 points, or 2.2 percent.
The S&P 500 is up 14.63, or 1.3 percent.
The Nasdaq is up 8.35, or 0.3 percent.
For the year to date:
The Dow is down 566.61, or 4.9 percent.
The S&P 500 is down 106.58, or 8.5 percent.
The Nasdaq is down 161.29, or 6.1 percent.