"People are preparing for a shock that may or may not occur"
- Michael Holland, chairman and founder of New York-based Holland & Co.
U.S. stocks fell on Tuesday as Greece's bailout pledge came into question.
The Standard & Poor's 500 lost 0.43%, or 5.86 points, to 1,363.72. The Dow Jones Industrial Average declined by 0.59%, or 76.44 points, to 12,932.09. The Nasdaq Composite Index dipped by 0.39%, or 11.49 points, to 2,946.27.
"It's the Greece situation and the implications that most risk-averse people are worried about," said Michael Holland, chairman and founder of New York-based Holland & Co. The company oversees more than 4 billion dollars.
"People are preparing for a shock that may or may not occur."
© Dukascopy Bank