The Dow fell 25 points to close at 12020 after soaring nearly 500 points on Wednesday.
Stocks soar on surprise move by six central banks and better news on US economy. Wall Street is looking for a year-end rally, although rally skeptics abound.
Central banks in a surprise announcement Wednesday announce moves to ease strains in the global financial system. Central banks' moves should ease concerns over European banks but does not begin to solve long-term problems of European debt.
The Dow rose 32 points to 11555 as a jump in US consumer confidence and new efforts from European leaders to find more aggressive cures for the region's debt crisis encouraged investors
Euro stocks climbed higher Tuesday after strong signs from US consumers and the Italian debt sales. But warnings over Italy could send euro, stocks tumbling soon.
The Dow lost 53 points to close at 11493 amid a downward revision of U.S. economic growth and renewed worries about Europe's debt crisis
The members of the super committee tasked with cutting $1.2 trillion from federal budgets announced that it failed to reach a deal. Polls and newspapers chime in on why that happened.
Stocks were sold in droves as the Congressional supercommittee failed to reach a deal to cut the deficit. The Dow turned negative, dropping 248 points to close at 11547. Stocks dropped even more sharply in Germany and France.
The apparent inability of the 'super committee' to reach a deal, along with European economic woes, is causing angst on Wall Street. The Dow is down 300 points.