End of the Day: S&P 500 down 37.6 to 2,020.58; Dow Jones down 331.3 to 17,501.65; Nasdaq down 74.2 to 4,652.57
* New York City business activity expanded at the fastest pace in four years, according to the survey taken by the Institute for Supply Management-New York (ISM-NY). Current Business Conditions rose to 70.8 in December, the highest level since October 2010. Readings above 70 have occurred only five percent of the time in the 21-year history of the Report on Business. (The reading was at 63.8 in December