Stocks declined dramatically on Wednesday as a weak consumer credit rating negated more positive news about hiring and a higher 10-year Treasury auction. Borrowing slipped to 11.5 billion for February marking the 12th drop in the last 13 months. The lack of resolve over the Greek debt crisis added to market anxiety, pushing stocks lower.
The Dow Jones Industrial Average sank 72.47 points to 10897.52. The tech-laden Nasdaq gave slipped 5.65 to 2431.16 while the S&P 500 fell 6.99 to 1182.44.
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