Stocks Plummet on Greece Fears

Dow down more than 200 points
By Kevin Spak,  Newser Staff
Posted Sep 19, 2011 9:48 AM CDT
Specialist James Woods, left, and trader Peter Tuchman work on the floor of the New York Stock Exchange Monday, Sept. 19, 2011.   (AP Photo/Richard Drew)

(Newser) – Stocks took a dive this morning as investors fretted over Greece’s deepening debt crisis. The Dow plunged 246 points, according to the Wall Street Journal, while the S&P and Nasdaq shed 26 and 55 points, respectively. Crude oil sank as well, dropping below $85 a barrel. “The market is at the whim of European policymakers,” one economist said. “The lack of any bold action over the weekend led to this weakness.” The drops come on the heels of the Dow’s best week in months.

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