Eurozone Problems Continue To Dominate U.S. Markets

Following yesterday's more than 200 point sell-off, stocks are lower again today as concerns in Europe continue to mount.

The Dow closed down 60 points to 10,867, the Nasdaq was down 22 points and the S&P 500 was down 8 points.

Financial stress in bailed-out Greece have lead to deadly public demonstrations. Three deaths were reported after protesters set fire to an Athens bank. In addition, at least three other building were set ablaze by the protesters.

Unions have called austerity measures put in place by the Greek government "savage." Those measures included wage cuts for public workers, freezes on pensions and another tax increase on fuel, alcohol and tobacco.

A bigger problem than Greece is the debt contagion fears, as a number of other Eurozone countries have major financial woes. Last week, S&P downgraded the sovereign ratings on Spain and Portugal and today Moody's warned that it may lower its rating on Portugal.

Data on the economic front in the U.S. continued to show a healthy recovery. Employment data from ADP showed that the private sector added 32,000 jobs in April, which was well ahead of the economist consensus of 20,000. In addition, the ISM services index came in at 55.4, with a reading of of 50 or more showing growth in the services sector.

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