Dow Plunges 350 Points, Worst Drop of 2015
(Worthy News)– U.S. markets got hammered Monday as the Greek debt crisis deepened, with investors pushing the Dow down 350 points — and back in the red for 2015 — after steeper sell-offs in Asia and Europe, the USA Today reported.
It’s not surprising that stocks fell sharply in Asia and Europe to kick off the trading week as Greece shuttered its banks after debt talks broke down and imposed restrictions on cash withdrawals. Wall Street’s reaction was less of a given, however.
Stocks took a hit on the news of no deal over the weekend between Greece and its creditors, though the losses are less than the declines in European and Asian markets. —Source
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