NEW YORK (Business News) - Stocks fell sharply at the open on Wednesday as political uncertainty hung over Greece and concerns arose over the frail state of Spanish banks.
The Dow Jones industrial average .DJI dropped 113.87 points, or 0.88 percent, to 12,818.22. The Standard & Poor's 500 Index .SPX dropped 13.77 points, or 1.01 percent, to 1,349.95. The Nasdaq Composite Index .IXIC dropped 32.32 points, or 1.10 percent, to 2,913.95.
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