Dow below 12K
(NEWSER) - Silvio Berlusconi's promises to resign haven't done much to calm European markets —or Wall Street. The Dow opened sharply lower today on the news that Italian bond yields spiked above 7%, the level that caused Greece, Portugal, and Ireland to seek bailouts; Italy's debt, however, is too big to bail out, notes the AP . The Dow sank 228 points, bringing it below 12,000 to 11,943, reports MarketWatch . The S&P 500 and Nasdaq dropped 28 and 62 points, respectively. More»
