BREAKING NEWS: Wall Street Slides as European Fears Heat Up; Dow Off 130

The markets took a sharp turn to the downside as traders grew wary that European leaders are not doing enough to stem the region's worsening debt crisis. Financial names are taking biggest selling, while investors bought safe-haven U.S. Treasuries, pushing yields lower. The Dow is off 130 points, or 1.1%, while the broader S&P 500 is down 1.5%.

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