Market Watch: Stocks Drop As Investors Lose Confidence


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


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