The Dow Jones Industrial Average dropped 199 points, or 1.6%, to finish at 11,998. The S&P 500 was down 27 points, or 2.1%, at 1234, and the Nasdaq was off 53 points, or 2%, at 2596.
NEW YORK (TheStreet) -- The major U.S. stock indices saw a selloff accelerate into the market close after Germany reportedly rejected parts of a European Union draft of solutions for the Continent's debt crisis.
2012 Stock Predictions and Outlook
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