BREAKING NEWS: Selloff in Stocks Picks Up Steam; Dow Down 225

The major stock-market averages are getting pummeled Monday afternoon as big-name tech and financial stocks fall sharply. Bank of America, Morgan Stanley and Citigroup are all off more than 7%, while the 30-year Treasury has surged 3 1/32 in price, its yield falling to 2.78%, the lowest since January 2009. The Dow is down 225 at 10687 and the Nasdaq Composite and S&P 500 are both down more than 2%.

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