Wall Street falls further, Nasdaq drops 2 percent

by Blogburger on June 25, 2012

Traders work on the floor of New York Stock ExchangeNEW YORK (Reuters) – Stocks extended losses on Monday, with the Nasdaq down more than 2 percent as investors were reluctant to buy risky assets ahead of a European Union summit later this week. The Dow Jones industrial average dropped 169.76 points, or 1.34 percent, to 12,471.02. The Standard & Poor's 500 Index fell 24.46 points, or 1.83 percent, to 1,310.56. The Nasdaq Composite Index lost 61.74 points, or 2.13 percent, to 2,830.68. (Reporting By Chuck Mikolajczak, editing by Dave Zimmerman)



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