Dow settled at 12,807, minus 3 points.
NEW YORK (AP) — Stocks closed lower for a second day, dragged
down by technology companies and concerns about Europe’s debts.
European finance ministers approved $110 billion in rescue loans to
Portugal on Monday, but have yet to decide on another rescue
package for Greece.
The arrest of the head of the IMF could make solving Greece’s
problems more difficult.
Technology companies sustained the largest losses. Yahoo! Inc.,
Amazon.com Inc. fell by more than 4 percent.
The Dow Jones industrial average lost 47 points, or 0.4 percent, to
close at 12,548. The S&P 500 fell 8 points, or 0.6 percent, to
1,329. The Nasdaq fell 46, or 1.6 percent, to 2,782.
More than two shares fell for every one that rose on the New York
Stock Exchange. Trading volume was 3.5 billion shares.
