Market Watch: Stocks Drop As Investors Lose Confidence

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U.S. stocks tumbled Wednesday, as the continued inability of Greece and its creditors to reach a settlement frustrated investors.

Greece Prime Minister Alexis Tsipras expressed anger at the slow-developing plans ahead of today’s meeting with Euro Zone officials in Brussels. As the deadline—now a mere five days away—approaches, the possibility of a Greek exit from the Euro Zone is being increasingly bantered about on Wall Street.

Domestically, 1st-quarter GDP numbers became official this morning at -0.2%. Investor reactions were muted—as the preliminary numbers already suggested a downturn—but speculation abounded as to the degree of recovery we would see in the second quarter.

Here are the final numbers from Wednesday on Wall Street:

Dow Jones Industrial Average: 17,966.07 (-178.00)

NASDAQ: 5,122.41 (-37.68)

S&P 500: 2,108.58 (-15.62)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

@phillipcannella

Phil Cannella a revolutionary thinker. Phil Cannella's cause is the Phil Cannella Crash Proof Retirement system. Phil Cannella has worked for decades.
Get the truth on how Wall Sts stacked against you, on The @CrashProofShow Sat at 10 AM on @1290wjno in FL, and 11 AM on @TalkRadio1210 in PA - 1 year ago
Phil Cannella
Phil Cannella

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