Stocks in Europe lose some gains after German finance minister cautions on eurozone solution. Stocks are up 11.6 percent over the past nine days.
Stock market woes continue as Greece admits it won't meet deficit targets. European stocks fall, along with US stock market futures.
The Dow rose 146 points to 11190 amid hopes that Europe was moving closer to resolving its debt problems
The Dow lost 108 points to close at 11401 as investors worried that Greece will default on its loans.
Stock prices in Europe fall sharply after G7 finance ministers fail to come up with new measures. Bank stock prices, in particular, tumble over concerns of spreading euro debt crisis.
The Dow fell 303.68 points to close at 10,992.13. The S&P lost 31.67 points to 1,154.23, and the Nasdaq dropped 61.15 points to end the day at 2,467.99.
Global markets reflect worry about rising interest rates for eurozone's weakest nations and possibility of a US recession. Among global markets to tumble most: Germany, down 5.3 percent and France, down 4.7 percent.
European stocks shrug off local debt woes, while traders look forward to Bernanke speech. But European stocks are expected to remain volatile.
Despite the European Central Bank’s intervention today, last week's losses in the Asian and European exchanges continued, prompted by worries that Europe's debt crisis will spread.