BREAKING NEWS: Stocks Rebound on Word Greek Referendum is in Doubt

The Dow is rallying on reports out of Greece that the Prime Minister's call for a referendum on the proposed bailout is "basically dead." The Dow Jones Industrial Average is off 182 points at 11773, well off earlier lows that saw it drop by more than 300 points. Officials in the EU are also reportedly telling Greece that there is no alternative to the bailout offer on the table.

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