Wall Street off 1 percent as Europe worries grow
NEW YORK (Reuters) – Stocks fell 1 percent on Wednesday as spiraling fears about the euro zone prompted investors to sell sectors tied to economic growth. "We’re being held hostage by Europe, by the increasing tensions in Spain," said John Kattar, chief investment officer at Eastern Investment Advisors in Boston, which manages $1. 7 billion. "We’re back to a risk-off mode, with cyclical sectors getting hit really hard. For the moment this seems to be the dominant trend. " Of the 10 S&P 500 sectors, only utilities were in positive territory, with the defensive group rising 0. 1 percent. . . .
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