Major U.S. stock indexes continued their slide
Monday as worries deepened about Spain's financial stability.
Spain's 10-year bond yields hit euro-era highs Monday as concern grew that its regional governments may require bailouts.
Adding to the concerns, German Vice Chancellor Philipp Roesler said he was "very skeptical" that European leaders would be able to save Greece from its budgetary and economic woes.
The blue-chip Dow Jones Industrial Average dropped 101.11 points, or 0.79 per cent, to 12,721.46. The broader Standard & Poor's 500 Index fell 12.14 points, or 0.89 per cent, to 1,350.52. The technology-heavy Nasdaq Composite Index lost 35.15 points, or 1.2 per cent, to 2,890.15.
The U.S. currency gained against the euro to 82.38 euro cents from 82.22 euro cents Monday. The dollar slipped against the Japanese currency to 78.39 yen from 78.51 yen.
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