Stocks opened down on Tuesday after news broke that Italy’s borrowing rate hit a record 7 percent, Reuters reports. Reuters breaks down the markets:
The Dow Jones industrial average was down 252.40 points, or 2.07 percent, at 11,917.78. The Standard & Poor’s 500 Index was down 28.67 points, or 2.25 percent, at 1,247.25. The Nasdaq Composite Index was down 65.43 points, or 2.40 percent, at 2,662.06.