US stocks have closed firmly in the red as Greece's political stalemate and Spain's banking problems drove new fears about the strength of the eurozone.
Meanwhile turmoil at JPMorgan Chase over its $US2 billion derivatives loss announced last week kept US bank shares under pressure.
The Dow Jones Industrial Average slid 125.40 points, or 0.98 per cent, to 12,695.20 in closing trade today.
The S&P 500 fell 15.04 points, or 1.11 per cent, to 1,338.35.
The tech-rich Nasdaq dropped 31.24 points, or 1.06 per cent, to 2,902.58.
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