U.S. stocks drop to three-month lows on Greek fear

SAN FRANCISCO (MarketWatch)
U.S. stocks dropped sharply Monday, ending at their lowest levels in over three months, as investors dumped stocks on the prospects of a euro-zone break-up and a drop in financials after J.P. Morgan Chase & Co.'s  trading loss last week
The Dow Jones Industrial Average fell 125.25 points, or 1%, to 12,695.35, the eighth drop in nine sessions and the lowest close since Jan. 31
The S&P 500 fell 15.04 points, or 1.1%, to 1,338.35, the lowest since Feb. 2
The Nasdaq Composite fell 31.24 points, or 1.1%, to 2,902.58
The likelihood Greece would have to call new elections, putting its rescue package and euro membership in jeopardy, stoked a rush to safehavens like the dollar and U.S. Treasurys on Monday