BREAKING NEWS: Selloff In Stocks Intensifies, Dow Down 310

The major U.S. stock-market averages are at their session lows Monday morning as the failure of the so-called Super Committee to reach a deal on budget cuts and growing concerns out of Europe combine to hammer equities. Financial names are getting pummeled, the 10-year Treasury yield has dropped to 1.95%, oil prices are lower and gold is down sharply. The Dow is off 310 points, or 2.7%, at 11484, and the S&P 500 and Nasdaq Composite are both off about 2.5%.

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