Fear of European debt is once again playing havoc with Wall Street. Stocks pitched down Wednesday in the United States as borrowing rates climbed for Spain and Italy, a sign that investors are losing confidence in those countries' finances.
The Dow Jones industrial average closed down 97.03 points, or 0.8 percent, at 12,835.06.
The Standard & Poor's 500 index fell 9.14 points, or 0.7 percent, to 1,354.58.
The Nasdaq composite average dropped 11.56, or 0.4 percent, to 2,934.71.
For the week so far:
The Dow is down 203.21 points, or 1.6 percent.
The S&P 500 is down 14.52, or 1.1 percent.
The Nasdaq is down 21.63, or 0.7 percent.
For the year so far:
The Dow is up 617.50 points, or 5.1 percent.
The S&P 500 is up 96.98 points, or 7.7 percent.
The Nasdaq is up 329.56 points, or 12.7 percent.