why U.S. stock down january 30 2012

why U.S. stock down january 30 2012 : The major U.S. stock indexes fell in early trading Monday as the absence of a Greek debt-restructuring deal gnawed at investor confidence, particularly for financial stocks.

The Dow Jones Industrial Average slid 106 points, or 0.8%, to 12554. The Standard & Poor's 500-stock index lost 13 points, or 1%, to 1303 and the Nasdaq Composite Index shed 28 points, or 1%, to 2789.

Financials led stocks lower after a ratings shake-up on the sector by Goldman Sachs. Bank of America was down 3.3%, the most among blue-chips, after Goldman cut its rating on the bank to neutral from buy, and J.P. Morgan declined 2.2% after it was removed from Goldman's "conviction buy" list. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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