Wall St drops on euro zone anxiety

Reuters News
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Posted: Jun 24, 2011 4:34 PM
Wall St drops on euro zone anxiety

NEW YORK (Reuters) - Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value.

The Dow Jones industrial average dropped 115.42 points, or 0.96 percent, to 11,934.58. The Standard & Poor's 500 Index fell 15.06 points, or 1.17 percent, to 1,268.44. The Nasdaq Composite Index lost 33.86 points, or 1.26 percent, to 2,652.89.

(Reporting by Leah Schnurr)