Stocks ended sharply lower Tuesday amid concerns the Irish debt crisis would spread to other euro zone countries and the effects of the crisis in Korea prompted investors to dump risky assets.
TheDow Jones Industrial Average fell 142.21 points, or 1.3 percent, to close at 11,036.37 after falling slightly in the previous session. The Dow was down about 1.25 percent most of the day.
Microsoft , JPMorgan , and Disney led the blue-chips lower, while Hewlett-Packard was the only Dow component to rise.
The S&P 500 fell 17.11 points, or 1.4 percent, to close at 1,180.73. The tech-heavy Nasdaq fell 37.07 points, or 1.5 percent, to close at 2,494.95. The CBOE Volatility Index, widely considered the best gauge of fear in the market, soared more than 12 percent to nearly 21.
All three major indexes were down for November, after Tuesday's market action.
Volume was on the lighter side, with traders away ahead of the Thanksgiving holiday.
All key S&P sectors declined, led by energy, materials, and technology. Within financials, banks sank more than 2 percent.
The markets were under pressure all day since North Korea fired artillery shellsat an island in South Korea, causing fatalities and extensive damage. The exchange reignited the long-standing tensions between the two countries.Page 1 of 8 | Next Page