Nasdaq Composite Index and Overseas Stock Markets

Frankfurt Stock Exchange: The S&P 500 dropped 25.03 points, or 1.18 percent, to 2,089.46, according to Xinhua China. The Nasdaq Composite Index slumped 77.60 points, or 1.55 percent, to 4,939.33. The Dow Jones Industrial Average shed 142.20 points, or 0.79 percent, to 17,928.20. Overseas stock markets witnessed broad-based sharp declines Tuesday. In Asia, Chinese Shanghai Composite Index plunged more than 4 percent Tuesday, as acceleration of IPOs and news that a few domestic stockbrokerage companies had upswung their margin guarantee ratios for margin trade triggered market concerns over liquidity tension. European shares slumped as investors kept an eye on the ongoing Greece bailout drama, with German benchmark DAX index at the Frankfurt Stock Exchange diving 2.51 percent. (news.financializer.com). As reported in the news.