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U.S. stocks sharply lower as Europe fear surges

NEW YORK (AP) - U.S. stocks are opening sharply lower as fear surges over the European debt crisis.

In the opening minutes, the Dow Jones industrial average is down 185 points at 12,637. The Standard & Poor's 500 index is down 17 at 1,345. The Nasdaq composite index is off 61 at 2,864.

Strong selling has also rattled European markets because of fear that Spain will need a sovereign bailout. The main stock indexes are down more than 7 percent in Greeece, 3 percent in Spain and Germany and more than 2 percent in France and Britain.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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