NEW YORK (AP) — A wave of selling swept Wall Street and stock markets around the world Tuesday after the prime minister of Greece said he would let its people vote on an unpopular European plan to rescue the Greek economy.
Stocks pared some of their losses after Greek lawmakers dissented from the plan, raising the possibility that Greece's government would not last until a confidence vote on Friday.
The Dow Jones industrial average plunged more than 230 points, or 2 percent, by the late afternoon. It had been down as many as 320 points at midday. The stocks of major banks, including Citigroup and JPMorgan Chase, were hit hard.
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