Wall Street ends lower; Nasdaq Composite slips 3%

The US markets finished near lows in volatile trading as investors digested a handful of headlines from Greece. The CBOE volatility index surged more than 15% to end near 35.

Dow Jones Industrial Average was down 2.48% or 297.05 points at 11657.96. Nasdaq Composite shed 2.89% or 77.45 points at 2606.96. Standard & Poor's 500 fell 2.79% or 35.02 points at 1218.28.

On economic data front, the pace of growth in the manufacturing sector unexpectedly slowed in October, its index of national factory activity dipped to 50.8 from 51.6 the month before. The US construction spending rose only slightly in September.

In key data to watch out for in US today, Fed will announce its meeting decisions today; ADP private payroll employment is expected to rise to 100,000 in October. Also weekly mortgage application data is expected today.

In the currency space, the euro tumbles to 1.36 to the dollar on Greek concerns. The dollar index spikes to 77.

In commodities, crude trends lower with the Brent prices hovering around USD 109 levels. Meanwhile gold steady in Asia trade around USD 1730 levels.