The Dow Jones Industrial Average
Last weekend's electoral outcome in France is becoming nothing more than a side story as investors focus on the election outcome from Greece, where anti-austerity parties won over one-third of the nation's voters. The result was a loss of parliamentary majority for Greece's pro-austerity incumbent parties. Today, this growing uncertainty in Athens drove European officials to consider the delay of 5.2 billion euros tied to the 130-billion-euro bailout approved in March. While this move may turn out to be nothing more than a political gesture encouraging Athens to support previously agreed-upon austerity measures, it speaks to the severity of the situation.
Leading the Dow's decline back in the U.S. is General Electric
Two companies breaking the sour mood on the day are Walt Disney
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Brenton Flynn holds no position in any company mentioned. The Motley Fool owns shares of Walt Disney and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Walt Disney and creating a diagonal call position in Wal-Mart Stores. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.