Fears that Greece's fiscal problems are even worse than expected sent global markets lower .
Earnings reports also brought concerns about the economy. Shares of eBay(EBAY) tumbled 8 percent after the online auction house's profit forecast fell short of what analysts had been expecting.
Profits at mobile phone maker Nokia Corp. missed analysts' forecasts. The stock lost about 14 percent. Dow component Verizon (VZ) reported better-than-expected earnings but the stock lost about 2 percent after the company brought in fewer new customers than predicted.
The National Association of Realtors said existing home sales rose to a 5.35 million unit annual rate in March from a 5.01 million unit rate in February.
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