Down...

Markets  at close:
S.&P. 500 closed at 752.83 (12.07, 1.58% down)
Dow (DJIA) closed at 7,182.08 (88.81, 1.22% down)
Nasdaq closed at 1,391.47 (33.96, 2.38% down)

Mr. Obama:  “there are times when you can afford to redecorate your house and there are times when you have to focus on rebuilding its foundation.”