All three major indices were down between 1.3 and 1.6 percent. CNBC noted that this was the largest one-day drop for all three in three months.!/CNBC/status/177052485263966208

The network noted that both Europe and China reported bad economic news before the markets opened today. Europe’s financial woes seem to be due, again, to the ongoing financial crisis in Greece and the threat of a full default.!/CNBC/status/176681884535881730