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Greek woes unsettle Wall Street Greek woes unsettle Wall Street
(about 7 hours later)
(Open): Leading US stocks opened lower on Tuesday, following European markets down amid continued uncertainty over economic woes in Greece. (Close): Leading US stocks closed lower on Tuesday amid continued uncertainty over economic woes in Greece.
Shortly after opening, the Dow Jones was down 31.91 points to 18,006.32. Amid a day of low trading volumes, the Dow Jones fell 55.16 points to close below the symbolic 18,000 benchmark at 17,983.07.
At the same time, the broader S&P 500 index was 3.88 points lower at 2,086.69 and the tech-based Nasdaq was down 6.6 points at 4,800.31. The broader S&P 500 index shed 10.22 points to 2,080.35 and the tech-heavy Nasdaq dipped 29.47 points to close at 4,777.44.
News of an early election in Greece has shaken the eurozone and depressed stock markets around the world. News of an early election in Greece has depressed .
The country will hold a general election in January, sparking fears over the European Central Bank's plans for new economic stimulus in Europe.The country will hold a general election in January, sparking fears over the European Central Bank's plans for new economic stimulus in Europe.
The day's biggest faller was industrial machinery giant Caterpillar, which saw its shares decline by 1.2% to finish at $92.59, as investors worried about the possible knock-on effects of plunging oil prices on its energy business.