If you enjoy the content at iBankCoin, please follow us on TwitterNEW YORK (Reuters) – The Dow dropped more than 200 points on Tuesday, handing Wall Street its worst day in three months on renewed fears of a disorderly default in Greece and concerns that China’s slowdown would hit global growth.
Analysts have expected a pullback for weeks, citing an overstretched market. Despite the day’s decline, the S&P 500 is still up almost 7 percent for the year. If fourth-quarter gains are included, the benchmark index is still up almost 20 percent since September 30.