Stocks ended sharply lower across the board on new fears about the fate of the European rescue plan. Greek Prime Minister George Papandreou announced that he would put his country's participation in last week's European debt plan to a voter referendum. Also, the European Commission and the European Council released a statement urging Greece to accept the bailout, which would lower Greece’s debt level to 120% of gross domestic product by 2020 and establish a new program of loans for the country. Bank stocks were hit especially hard. Meanwhile, Bank of America said it will drop its planned $5 debit card usage fee after widespread customer complaints. Tech sector also recorded losses. Google fell 2.4% after the co. began rolling out updates to its Google TV service which so far hasn’t garnered much attention from consumers. Yahoo gave up 4.5% as the co. said it would buy advertising technology firm InterClick for $270 million. Nvidia lost 5% following the downgrade from buy to hold at Canaccord over concerns about the markets for personal computers and smartphones. Leap Wireless International rose almost 11% on reported a net gain in subscribers after analysts had forecast a loss. Implied volatility soared to the 30 level on moderate volumes.NEAREST RESISTANCE LEVELS: 56.5, 56.95, 58.2, 58.5, 59.1, 59.3
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