Stocks tumble as euro drops, jobless claims rise

The stock market has had a huge selloff as more investors woke up to the possibility that economic problems such as Europe's debt crisis might spread around the world.

The Dow Jones industrial average is down 376 points, or 3.6%, at 10.068, its biggest one-day drop since February 2009. Meanwhile, interest rates are down sharply in the Treasury market as investors once again sought the safety of government debt. (AP)