The Dow Jones Industrial Average dropped 203.9 points, or 1.6%, at 12,759, making for the index's first triple-digit decline this year. All 30 Dow components closed in the red except Intel. The S&P 500 was down 21 points, or 1.5%, at 1343, and the Nasdaq finished behind by 40.2 points, or 1.4%, at 2,910. Basic materials, consumer cyclical stocks and financials were among the sectors posting the biggest losses as the CBOE volatility index jumped 16.2% to 20.97.
NEW YORK (TheStreet) -- U.S. stocks saw their biggest one-day drop in nearly three months as the markets digested more evidence that Europe is sliding deeper into the doldrums and dragging down the pace of global growth.
2012 Stock Predictions and Outlook
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