Stocks Down Amid Bleak Economic Prospects

Hemera/Thinkstock(NEW YORK) -- As fears about Europe persist, U.S. stock markets followed a selloff in Europe today with the Dow Jones Industrial Average ending the day at 12,502.66, down 138.12 points, or 1.09 percent.

There was more troubling news out of Europe today — Greece’s new finance minister had to step down because of an illness, Cyprus asked for a bailout, Spain’s banking crisis remains murky and expectations are low that European leaders will have any grand plan to deal with all of this.

The S&P 500 and NASDAQ ended the day lower as well.

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