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MARKET SNAPSHOT: U.S. Stocks Sink On Unclear Greek Outcome

By Kate Gibson, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks fell sharply Tuesday, with the Dow industrials extending losses into a fifth day, as Greece's struggle to form a government intensified worry about the euro-zone debt crisis. "More and more investors have resisted allowing this market to correct, but when you're fighting the market, the market always wins. We had a little bit of a letup in worry about Europe, but now have decided that chaos is not a good thing," said Bruce McCain, chief investment strategist at Key Private Bank. After a 198-point drop, the Dow Jones Industrial Average (DJI) was down 177.41 points, or 1.4%, to 12,831.12, with all but three of its 30 components down, including fast-food chain McDonald's Corp. (MCD), after its April sales missed estimates. The S&P 500 (SPX) retreated 19.47 points, or 1.4%, to 1,350.11, with the consumer-discretionary sector down the most among its 10 sectors. Falling to 1,250 on the S&P 500 would "take you back to levels where you get good solid support. It's not an indication the sky is falling but that the market is coming to terms with the fact that we thought that we were breaking into a much stronger phase, but the reality is we're still stuck in the lethargic, slow growth we've been in since July of 2009," said McCain. Shares of Electronic Arts Inc. (EA) lost 5.9% after the video-game publisher's outlook came in below expectations. Watch-maker Fossil Inc. (FOSL) shares caved 38% after it cut its 2012 earnings forecast. The Nasdaq Composite (RIXF) shed 48.21 points, or 1.6%, to 2,909.55. For every stock on the rise nearly four fell on the New York Stock Exchange, where 277 million shares traded as of 11:30 a.m. Eastern. In Greece, political leaders met for a second day in an effort to create a government after New Democracy's Antonis Samaras was unable to reach a consensus, with the task now falling to Alexis Tsipras, the head of Syriza, the party that received the second most votes.

Stock News for Mcdonalds (MCD)
DateTimeHeadline
04/26/201514:30:02Why McDonald's Corporation's Investors Shouldn't Be Lovin The...
04/24/201517:42:54McDonald's Co.'s "Positive" Rating Reiterated at Barclays (MCD)
04/23/201521:17:20Higher Prices Fail to Salvage Profits
04/23/201515:05:02How Facebook Inc. is Forcing Businesses to Spend More
04/23/201509:03:02The Threat of Avian Flu Flutters Over a Weakened McDonald's
04/22/201519:42:02What Could Possibly Go Wrong With Starbucks Stock?
04/22/201519:05:03McDonald's Corporation Looks More Like This Failing Retailer...
04/22/201517:05:57MARKET SNAPSHOT: Nasdaq Hits 15-year High; Dow Lifted By Visa...
04/22/201516:23:34McDonald's Reports Steeper Profit Drop--4th Update
04/22/201515:23:19U.S. Stocks Rise; Nasdaq Composite Nears Record High
04/22/201513:59:33MARKET SNAPSHOT: Dow Move Higher Powered By McDonald's, Visa
04/22/201513:40:49MARKET SNAPSHOT: Dow Industrials Gets A Lift From McDonald's...
04/22/201513:35:13U.S. Stocks Trade Slightly Higher
04/22/201513:32:30McDonald's Corporation Posts Same-Store Sales Declines for Q1
04/22/201512:07:03Stocks: Was One Man Responsible For the 2010 "Flash Crash"?
04/22/201511:45:43U.S. Stocks Trade Slightly Higher
04/22/201511:00:25McDonald's Reports Steeper Profit Drop--3rd Update
04/22/201510:41:52MARKET SNAPSHOT: U.S. Stocks: Dow Industrials Edge Lower, But...
04/22/201510:27:21U.S. Stocks Trade Little Changed
04/22/201510:05:33MARKET SNAPSHOT: U.S. Stocks: Futures Edge Up, Erasing Early...

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