A wave of selling swept across Wall Street and stock markets around the world Tuesday after Greece's prime minister said he would call a national vote on an unpopular European plan to rescue that nation's economy.
The Dow Jones industrial average finished down nearly 300 points. It swung in 100 point bursts throughout the day as investors reacted to sometimes conflicting headlines about the next steps in Greece's long-running debt crisis. Treasurys and other assets considered safe surged. The stocks of major banks, including Citigroup and JPMorgan Chase, were hit hard.
The Dow Jones industrial average fell 297.05 points, or 2.5 percent, to close at 11,657.96.
The S&P 500 lost 35.02, or 2.8 percent, to 1,218.28.
The Nasdaq composite fell 77.45, or 2.9 percent, to 2,606.96.
For the week to date:
The Dow is down 573.15, or 4.7 percent.
The S&P 500 is down 66.81, or 5.2 percent.
The Nasdaq is down 130.19, or 4.8 percent.
For the year to date:
The Dow is up 80.45, or 0.7 percent.
The S&P 500 is down 39.36, or 3.1 percent.
The Nasdaq is down 45.91, or 1.7 percent.
