Stocks closed with steep losses Tuesday after disappointing corporate earnings and reports that a key meeting of European financial ministers had been canceled. Assets that tend to hold their value in a weak economy like U.S. government debt and gold rose.
The Dow Jones industrial average lost 207 points. It had gained 409 points over the previous three days.
The Dow Jones industrial average lost 207 points, or 1.7 percent, to 11,706.62.
The S&P 500 fell 25.14, or 2 percent, to 1,229.05.
The Nasdaq composite lost 61.02, or 2.3 percent, to 2,638.42.
For the week:
The Dow is down 102.17, or 0.9 percent.
The S&P is down 9.20, or 0.7 percent.
The Nasdaq is up 0.96, or less than 0.1 percent.
For the year to date:
The Dow is up 129.11, or 1.1 percent.
The S&P 500 is down 28.59, or 2.3 percent.
The Nasdaq is down 14.45, or 0.5 percent.