Stocks Plummet on Greece Fears

Stocks took a dive this morning as investors fretted over Greece’s deepening debt crisis. The Dow plunged 246 points, according to the Wall Street Journal, while the S&P and Nasdaq shed 26 and 55 points, respectively. Crude oil sank as well, dropping below $85 a barrel. “The market is at the whim of European policymakers,” one economist said. “The lack of any bold action over the weekend led to this weakness.” The drops come on the heels of the Dow’s best week in months. (More stock market stories.)