Stocks fall after Ireland downgrade

Stocks fall after Ireland downgrade

Fed says new monetary policy may be needed
Traders work on the floor at the New York Stock Exchange in New York. The Dow Jones industrial average fell 58.88, or 0.5 percent, to close at 12,446.88 on Tuesday. Worries about the European financial crisis weighed on trading and the downgrade of Irish bonds to junk status shortly before the end of trading reversed small gains.

Stocks fall after Ireland downgrade

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Traders work on the floor at the New York Stock Exchange in New York. The Dow Jones industrial average fell 58.88, or 0.5 percent, to close at 12,446.88 on Tuesday. Worries about the European financial crisis weighed on trading and the downgrade of Irish bonds to junk status shortly before the end of trading reversed small gains.
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