After The Bell: Stocks Plunge As Greek Debt Crisis Escalates
Stocks closed sharply lower on Monday as the deepening Greek debt crisis rocked financial markets around the globe.
Monday's sell-off was the worst point drop for stocks in two years, wiping out all of 2015 gains for both the Dow and S&P 500.
The NASDAQ lost 122, the S&P 500 dropped 44 and the Dow Jones industrial average shed more than 350 points, settling to 17,596.
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"It seems like we are getting closer to a Greek resolution, one that I think many didn't expect to see happen, that perhaps being a Greece exit." said Chuck Carlson, CEO of Horizon Investment Services. "I don't think it is a done deal yet, but often times these kinds of things have to go to the eleventh hour for all parties to try to finagle the best deal possible."
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