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Wall Street slides 1 percent at open

NEW YORK (Reuters) - Stocks fell sharply at the open on Wednesday as political uncertainty hung over Greece and concerns arose over the frail state of Spanish banks.

The Dow Jones industrial average <.DJI> dropped 113.87 points, or 0.88 percent, to 12,818.22. The Standard & Poor's 500 Index <.SPX> dropped 13.77 points, or 1.01 percent, to 1,349.95. The Nasdaq Composite Index <.IXIC> dropped 32.32 points, or 1.10 percent, to 2,913.95.

(Reporting By Edward Krudy; editing by Jeffrey Benkoe)

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