BREAKING NEWS: Stocks Dive Further Into the Red as Euro Crisis Deepens; Dow Off 400

Wall Street extended sizeable losses as European leaders frantically tried to quell the region's sovereign debt crisis, which has now engulfed Italy, its highest-profile victim yet. The Dow was off 400 points, or 3.3%, while the broader S&P 500 and Nasdaq were more than 3.4% to the downside.

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