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After The Bell: Stocks Sell Off, With Greece Running Out Of Time

By Andy Giersher

(CBS) -- Stocks finished the last day of the trading week on a down note, as traders seek clarity on Fed policy ahead of next week's much-anticipated meeting. Also weighing on stocks was continued uncertainty surrounding the Greek debt crisis.

The NASDAQ lost 31, the S&P 500 dropped 14 and the Dow Jones industrial average shed more than 141 points, settling to 17,898.

"Senior officials from all 19 Eurozone countries have jointly discussed the possibility of a Greek default and exit from the Euro for the first time. That's why it is front and center on everybody's mind. I think it is something that needs to end for the market to feel a little more comfortable," Andy Busch, editor of the Busch Update, says.

He also noted even if Greece defaults and leaves the Eurozone, it is not the end of the world.

After The Bell

 

 

 

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