Stocks tumbled on euro-zone contagion fears and uncertainty whether Greece will be able to enact agreed-upon austerity measures. Details from Bloomberg...
Factory orders unexpectedly rose, gaining 1.3% month-over-month in March, compared to the flat reading expected, marking the seventh-straight monthly increase.
Pending home sales posted another solid gain, rising 5.3% in March, compared to the 5.0% gain that economists had expected. February’s 8.2% jump was revised to an advance of 8.3%. More from Bloomberg...
The Dow Jones Industrial Average plunged 225 points (2.0%) to close at 10927, the S&P 500 Index fell 29 points (2.4%) to 1,174, and the Nasdaq Composite skidded 74 points (3.0%) to 2,424. Crude oil tumbled $3.45 to $82.74 per barrel, and the Bloomberg gold spot price stumbled $8.63 to $1,173.55 per ounce.
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