U.S. stocks dropped sharply Monday, following a global sell-off, as investors fret over the European debt crisis. After the Obama’s speech, announced the measures expected to reduce the deficit, the market began to recover.

Dow 11,323.74 -185.35 -1.61%; Nasdaq 2,597 -25.50 -0.97%; S&P 500 1,197.71 -18.30 -1.50%.

The greatest losses are in the financial sector (- 3.1%) and basic materials sector (-2.4%).