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Dow Drops 280, Fear Sets In

7:15 PM ET Wed, 1 June 2011

Stocks suffer a steep sell-off as Moody's cut Greek bond ratings, implying a high likelihood of default, with Steve Grasso, Stuart Frankel; Todd Harrison, Minyanville Media, Inc.; Stephanie Link, TheStreet.com; CNBC's Brian Shactman & Larry Kudlow.