By  on May 4, 2010

Retail shares tumbled to their second worst decline of the year on Tuesday as rising fears about the adequacy of the Greek debt bailout and the spread of the crisis sent stocks into a global tailspin.

The S&P Retail Index, which was within a point of 500 on April 26, closed at 469.20, down 14.15 points, or 2.9 percent, second only to the 3.2 percent sell-off on April 27. The Dow Jones Industrial Average declined 2 percent, a 225.06-point drop that pushed it under 11,000 to 10,926.77, the index’s most severe battering since Feb. 4. The S&P 500 surrendered the 1,200 mark, dropping 2.4 percent to 1,173.60.

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