The Dow Jones industrial average fell 178.84 points, or 1.5 percent, to close at 11,897.27. The drop erased all of its 123-point gain from Tuesday and put the average on track for a seventh straight week of losses. All 30 companies in the Dow dropped, led by Aluminum maker Alcoa Inc. which lost 2.9 percent. Alcoa's stock tends to swing with shifting moods about the global economy.

 

Unrest in Greece rattled global financial markets Wednesday. Stocks fell the most since June 1 as investors piled into lower-risk assets like the dollar and U.S. government bonds.

 

A report on manufacturing in the New York area also came in far below forecasts. That reignited fears that factory production, one of the few bright spots in the U.S. economy, may be weaker than many economists had believed. Shares in energy companies also fell. Chevron Corp. and Exxon Mobil Corp both lost more than 2 percent. The S& P 500 index fell 22.45, or 1.7 percent, to 1,265.42./// source: finance.yahoo.com