Stock market falls sharply, with the Dow losing 162 points, after two big ratings agencies said the fiscal pact between European leaders would make little difference in solving the region's debt problems. Intel's lower fourth-quarter guidance dragged the stock market down further.
U.S. stocks face another day of steep losses. The Dow is down 235 points to 11724 in early afternoon trading as Greece takes a vote on unpopular European austerity measures meant to rescue the Greek economy. U.S. stocks on the Nasdaq and S&P indexes are also being hit hard.