Dow down 94

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Stocks near 10:32 a.m. ET

Stocks are lower, with the blue-chip Dow losing over 100 points in trading on Monday morning.

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Near 10:47 a.m. ET, the Dow was down 96 points, the S&P 500 was down 5 points, and the Nasdaq was down 9 points.

It was much uglier in Greece, where the Athens Stock Exchange (ASE) index, which reopened after a five-week closure, fell 23%.

Crude oil is sliding to new lows. West Texas Intermediate crude fell 2% and slipped below $45 per barrel, the lowest level since mid-March.

It's a busy month for US economic data in what's the crucial period before the Fed possibly raises rates in September, as many in the market expect.

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To start off, we got manufacturing data this morning. The Institue of Supply Management's manufacturing report leaked, coming in at 52.7 for July versus the consensus forecast, June print, and year-to-date high of 53.5.

US auto sales crushed it last month. The data is rolling in throughout the day and we're keeping track here. It's been a beat on expectations all around so far. GM sales rose 6.4% (0.4% estimated), and Ford sales jumped 4.9% (1.8) forecast).

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