Market slides amid worldwide turmoil

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A combination of Korean tensions, Spanish bank concerns and interbank lending woes slammed U.S. stock futures this morning as markets looked toward a second day of heavy losses.

Futures on the Dow Jones Industrial Average dropped 218 points to 9,825, indicating the blue chip index is at risk of closing below the 10,000 mark for the first time since Feb. 8, according to a MarketWatch report.

S&P 500 futures fell 27.5 points to 1,043.50, and NASDAQ 100 futures dropped 40 points to 1,772.50.

The Dow stood at 9,857 at 11 a.m., down more than 200 points from Monday's close.

U.S. stocks dropped Monday after Spain seized a regional lender and the release of a critical report from the International Monetary Fund on the country's finances. The Dow Jones Industrial Average fell 127 points, or 1.2 percent, along with other leading indexes.

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