European Political unrest, Wall Street Fall

New York - Stocks on Wall Street opened earlier in the week to get re-warming of the correction due to the political situation of Europe, plus also predicted China's economy grew more slowly than expected.

S & P 500 Index fell for a fourth day of the last five trading to the lowest level since February. Stocks that are sensitive to economic growth, such as banks and energy lead the market correction.

Greece intends to hold talks to form a coalition government, though the socialist party leader Evangelos Venizelos doubt the new government will be formed.

"A lot of people who have lost patience, you can see what is happening in Greece and several countries in Europe, many voters are getting frustrated," said Ken Polcari, director of ICAP Equities in New York, was quoted by Reuters on Tuesday (5/15/2012 ).

Bank stocks carried by JPMorgan Chase & Co. correction following the resignation of three executives plan. JPMorgan shares fell another 3.2% to U.S. $ 35.79 after sebelummnya fell 9% last week.

In addition, German Chancellor Angela Merkel who led the Democratic defeat on Sunday, which could lead to the collapse of budget austerity program.

The three major indices in the same uncle's stock fell after being hit by cation concurrent sale due bergugurannya European bourses. The S & P 500 has fallen below the 1340 support level, so that could trigger further selling.

At the close of trading Monday, the Dow Jones fell 125.25 points (0.98%) to as low as 12695.35. The broader Standard & Poor's 500 index lost 15.04 points (1.11%) to a level of 1338.35. Nasdaq Composite Index fell 31.24 points (1.06%) to a level of 2902.58.