BREAKING NEWS: Selloff on Wall Street Intensifies; Dow Tumbles 235

Stocks slid deeper into the red in early-afternoon trading as market participants reacted to warnings from two ratings companies over Europe's debt crisis, steep losses in energy and metals markets, and Intel's unexpected guidance cut. The major market averages are down 2%, led by energy, materials and financial shares, and the benchmark 10-year Treasury yield has fallen below the 2% mark.

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