Regional stocks: Cascade Bancorp stock falls again
Posted on July 24, 2012 at 17:45 PM EDT
Continued European economic woes and new signs that the crisis could be affecting American companies sunk stocks again Tuesday. The Dow Jones Industrial Average dropped 104 points to close at 12,617. The S&P fell for the third straight day, dropping 12 points to 1,338. The Nasdaq fell 27 points to close at 2,863. Regional stocks struggled along with the rest of the market, led by Bend-based Cascade Bancorp (NASDAQ: CACB), which for the second-straight day fell by more than 5 percent. The company’s…