The Dow Jones industrial average fell 213 points Monday amid Greece's deepening debt troubles
(NEW YORK) — Global stock markets are stumbling as investors worry about fallout from Greece’s deepening debt troubles as talks between the country and its creditors broke down over the weekend.
Greece has shuttered its banks to prevent nervous depositors from pulling their money out, and the country faces a deadline Tuesday to may a big debt payment.
The Dow Jones industrial average fell 213 points, or 1.2 percent, to 17,733 as of 11:45 a.m. Eastern time Monday.
The Standard & Poor’s 500 gave up 24 points, or 1.2 percent, to 2,076.
The Nasdaq fell 71 points, or 1.4 percent, to 5,009.
The declines were steeper in Europe. Indexes fell 3.5 percent in Germany and 3.7 percent in France.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.36 percent.