BREAKING NEWS: Selling in Stocks Picks Up, Dow Down Nearly 500 Points

With just under an hour to go in the session, the selling pressure on stocks is increasing. The Dow is off 480 points, and the S&P 500 and Nasdaq Composite are faring even worse on a percentage basis. Financial stocks are leading the way lower -- with Citi and BofA being two of the worst performers -- as concerns mount about the health of the world's economies.

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