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Stocks Fall As Greece Struggles To Form Government

Greek conservatives said they were unable to form a government after voters rejected austerity and elevated a slew of splinter parties . . .

U.S. stocks are following European markets lower as traders fret about political uncertainty caused by elections in Greece and France.

Stocks in fell broadly in Europe Tuesday as voters wondered how the political upheaval there will play out.

Greek conservatives said they were unable to form a government after voters rejected austerity and elevated a slew of splinter parties to parliament on Sunday. The other leading party appears unlikely to form a governing coalition. Another round of elections now appears likely.

French voters elected an anti-austerity presidential candidate on Sunday, raising doubts about Europe's commitment to debt-slashing.

In the U.S., the Dow Jones industrial average is down 65 points at 12,944 shortly after trading began. The S&P 500 is down 7 at 1,362. The Nasdaq is off 15 at 2,942.

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