Late selloff drops indexes

All 3 major indexes spent the morning in the negative, but an afternoon full of selling caused a larger loss. The Nasdaq Composite posted the largest loss, falling 2.32%, putting stocks right back where they were in the last week of November. Former Fed Chairman Alan Greenspan voiced his warning Sunday, on a televised interview, of possible stagflation(a combination of high inflation and weak economy). His input does not carry the weight it used to with investors but it still makes an impact. DJIA -172.65 Nasdaq -61.28 S&P 500 -22.05