Dow tumbles amid Greek debt fears

Richard Drew / AP

Wall Street fell sharply at Monday?s opening bell, with the closely-watched Dow Jones industrial average down over 200 points in the first few minutes of trading.

The market was holding on to its earlier losses in late-morning trading. The Dow was down 253 points at the session low. Traders are fearful about the possibility of Greece defaulting on its sovereign debt, reports say.

The big drop on Wall Street follows significant declines on European and Asian stock markets earlier in the day. Reuters reports that European stock indexes are down sharply percent, led by banking shares, amid worries euro zone leaders won't be able to prevent a Greek default.

Source: http://bottomline.msnbc.msn.com/_news/2011/09/19/7838137-dow-tumbles-over-180-points-at-opening-bell

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