US stocks skid on eurozone crisis fears
- Published: 23 Jul 2012 at 20.54
- Online news:
US stocks dived Monday, joining a global sell-off on concerns that Spain will need a bailout after its borrowing costs hit record highs and that Greece will be forced to exit the eurozone.
Stocks accelerated sharp opening losses. The Dow Jones Industrial Average was down 220.50 points, or 1.72 percent, to 12,602.07 after 30 minutes of trade (1400 GMT).
The S&P 500, a broad measure of the markets, fell 22.88 points (1.68 percent) to 1,339.78, while the tech-rich Nasdaq dived 66.32 (2.27 percent) to 2,858.98.
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