BREAKING NEWS: Selling Picks up Momentum in Afternoon Trading; Dow Tumbles 170

Wall Street turned sharply lower on Monday afternoon after a slew of news regarding big-name companies, coupled with continued fears over Greece's ability to stave off a default, spooked market participants, setting off a broad flight from equities. As of 1:30 p.m. ET, the Dow was off 170 points, or 1.6%, and the S&P 500 was down 1.8%, while the yield on the 10-year Treasury fell to 1.8% from 1.919%.

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