July 23, 2012
Stocks were down sharply across the board Monday, fueled by fears that Spain will need a full sovereign bailout and mounting worries that Greece may leave the euro.
The Dow Jones Industrial Average plunged more than 200 points. All 30 Dow components were in the red, led by Alcoa and Microsoft.
The S&P 500 and the Nasdaq also dropped sharply. The CBOE Volatility Index, widely considered the best gauge of fear in the market, surged almost 25 percent to trade near 20.