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Tuesday, May 15, 2012

Stocks Post Loss on Greece, S&P at 3-month low

Stocks Post Loss on Greece, S&P at 3-month low
By: JeeYeon Park
CNBC.com Writer

Stocks faded in the final hour of trading Tuesday to finish lower following news that Greek depositors withdrew 700 million euros from the nation's banking system and after Greece's leaders failed to agree on a coalition government.

The S&P 500 closed at 3-month lows, while the Dow logged its ninth loss in the last 10 sessions. Major averages are on pace for their biggest monthly losses since last September.

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