Written by
The Associated Press
NEW YORK (AP) -- Stocks closed their worst day this year after Greece hit a roadblock on its way to a critical bailout.
The Dow Jones industrial average finished down 89 points, or 0.7 percent, at 12,801. The broader Standard & Poor's 500 was down nine points to 1,343. It is the first losing week for the index this year.
The Nasdaq composite ended off 3 points at 2,904.
Stocks fell all day on news that European finance ministers were insisting that Greece cut even more in wages and spending if the nation hopes to get bailout money to pay its creditors.
Three stocks fell for every one that rose Friday on the New York Stock Exchange. Volume was light with just 3.5 billion shares trading hands.
The Associated Press