BofA (BAC) (GE) (F) (JPM) (C) (S) (LVLT) Getting Crushed on European Sovereign Debt Crisis

BofA (BAC), General Electric (GE), Ford Motor (F), JPMorgan (JPM), Citigroup (C), Sprint (NYSE:S) and Level 3 (NASDAQ:LVLT) are getting hammered today as the endless sovereign debt crisis in Europe concerns traders that it'll continue to weigh on the U.S. economy as the recession continues on.

As has been the recent practice, U.S. bank stocks were performing worst than the overall market today, with 17 of the major banks being recipients of a lawsuit filed against them by Federal regulators last Friday.

The Dow was down by about 233 points, or 2 percent, to 11,007. The S&P 500 fell 24, or 2.1 percent, to 1,149. The Nasdaq fell 44, or 1.8 percent, to 2,436.

The companies above were trading down from about 3 percent to a little over 4 percent as of 12:30 PM EDT.