JM News UK

Wall Street tumbled on Friday, with the major indexes down one percent or more, on investor concerns over new regulations in China, Greece's debt negotiations and disappointing earnings reports from U.S. corporations. All ten major S&P 500 sectors lost ground, with the S&P Financials index losing 1.24 percent and the S&P Consumer Discretionary index off by 1.27 percent. "Today, it just seems the wall of worry is higher than it's been in a while because of Greece, oil, earnings and economic data from the past few days," said Jeffrey Carbone, senior partner, Cornerstone Financial Partners, in Cornelius, NC. Both Honeywell International and General Electric blamed the strong dollar for lower revenue.