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Greek Turmoil Sends U.S. and World Markets Lower

By: Associated Press
By: Associated Press

New York, NY (AP) - A wave of selling is sweeping across Wall Street
and stock markets around the world after Greece's prime minister
said he would call a national vote on an unpopular European plan to
rescue that nation's economy. Treasurys and other safe assets
surged.

The Dow Jones industrial average finished down nearly 300 points. It swung in 100 point bursts throughout the day as investors reacted to sometimes conflicting headlines about the next steps in Greece's long-running debt crisis.

The Dow plunged 297 points, or 2.5 percent, to close at 11,658
Tuesday. The S&P 500 fell 35, or 2.8 percent, to 1,218. The Nasdaq
dropped 77, or 2.9 percent, to 2,607.

Five stocks fell for every one that rose on the New York Stock
Exchange. Volume was heavy at 5.6 billion shares.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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