Dow, NASDAQ Sink at Close

    Specialist Peter Giacchi, center, calls out prices as he works at the post that handles JP Morgan on the floor of the New York Stock Exchange, Friday, May 11, 2012. Financial stocks are leading the market lower in early trading after JPMorgan disclosed a huge trading loss.(AP Photo/Richard Drew)

    Richard Drew / AP Photo

    Summer is off to a dismal start for investors on Wall Street, who are likely damning that old adage to “sell in May and go away.” The Dow and NASDAQ closed down dramatically on Thursday, with both stocks logging their worst monthly performances in two years. Europe’s debt crisis and Facebook’s IPO disaster both contributed to tumbling stocks, sending investors scrambling to put their money in U.S. government bonds.

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