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.
