US stocks tumble amid new doubts over Greece deal | Inquirer Business

US stocks tumble amid new doubts over Greece deal

/ 06:25 AM February 11, 2012

NEW YORK—US stock markets tumbled Friday as new doubts surfaced over Greece’s debt deal that just two days earlier seemed likely to go ahead.

At the closing bell the Dow Jones Industrial Average was down 89.46 points (0.69 percent) at 12,801.00.

The broad-based S&P 500 fell 9.35 (0.69 percent) to 1,342.60, while the Nasdaq Composite dropped 23.35 (0.80 percent) to 2,903.88.

The losses came as European leaders called for Athens to make tougher spending cuts while Greece’s prime minister warned that the country faces “uncontrolled chaos” without a debt deal.

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