Recession Fears Weigh Down Markets

The markets closed lower as former Federal Reserve Chairman Alan Greenspan warned of a possible recession by the end of the year. The Dow fell 15 points to 12,632 while Nasdaq dropped 11 points to 2505. S&P 500 slipped 2 points to 1449. The 30-year bond edged up as the yield eased to 4.733%.