After falling big on the Spain downgrade announcement, the market avoided an all-out rout. But it was still pretty bad, and after fighting back hard, the bulls ended up blowing it in the final moments of the day.
This is going to leave investors with a sick feeling in their stomach as they contemplate next week
As for the month, the 7.9% decline in the Dow was its worst since February 2009, according to WSJ.
But first, the scoreboard:
Dow: -122.3 (-1.2%)
S&P 500: -14 (-1.2%)
NASDAQ: -20.64 (-0.91%)
And for the top stories of the day: