Tuesday stocks fall after Japan raises severity measure of nuke crisis

Dow at 12,263, down 117 points.

NEW YORK (AP) — Stocks are closing lower after Japan raised the severity of its nuclear crisis and Alcoa Inc. reported disappointing sales. A drop in oil prices pulled down energy stocks.
Markets also fell in Asia and Europe after Japan said the crisis at its crippled nuclear plant was as serious as the 1986 Chernobyl accident.
The Dow Jones industrial average fell 118 points, or 0.9 percent, to close at 12,264. That the largest drop since March 16, when markets sank on fears of a nuclear meltdown in Japan.
The S&P 500 index fell 10, or 0.8 percent, to 1,314. The Nasdaq fell 27, or 1 percent, to 2,745.
Three shares fell for every one that rose on the New York Stock Exchange. Trading volume was 4.3 billion shares.

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