stocks kicking off a new quarter with a big sell-off. the dow jones industrials plunging 258 points. the s&p 500 tumbled 32. and the nasdaq taking the biggest hit, down 79 points. greece is admitting that it will miss deficit targets despite harsh new austerity measures, bringing it closer to default. that news overshadowed an uptick in solid manufacturing in september that led to more production and more hiring. and construction spending rebounded in august as outlays kicked in. in stocks, chipmakers took a beating on a report showing a soaring demand for tablet pcs being offset by slowing demand in other areas. american airline's parent company amr shares were halted several times amidst rumors that it could be heading for bankruptcy. and an airline trade group said the entire industry could be headed for a downturn. that's it from cnbc, first in business worldwide. now back to "hardball."
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