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Dow Down 253 Thanks to Greece

Greek call for referendum doesn't sit well with investors
By Kate Seamons,  Newser Staff
Posted Nov 1, 2011 8:51 AM CDT

(Newser) – More not-so-shocking news, though today's variety is a bit more serious and depressing: The Dow sank 253 points at the open, to 11,702, as Greek PM George Papandreou's call for a referendum on his country's bailout terrified European investors and rattled traders stateside. MarketWatch reports that the S&P 500 was down 34 points, and the Nasdaq dropped 74. (Read more Greece stories.)

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