FXstreet.com (Córdoba) - US stocks fell on Monday, joining a global sell-off, amid mounting fears Spain might need a full-fledged bailout from the EU/IMF as more regional economies seek for central government aid and concerns Greece may be approaching an exit from the euro zone.
The Dow Jones industrial average fell 223 points, or 1.75%, to 12,598. The Standard & Poor's 500 Index dropped 23 points, or 1.76%, to 1,338. The Nasdaq Composite Index lost 65 points, or 2.25%, to 2,859.
European markets were broadly lower, with the the Stoxx Europe 600 losing 2.8%. Spain's IBEX-35 index dropped 2.2%, while Italian FTSE MIB Index shed 3.6%.
Meanwhile, stress in the peripheral debt market won't ease as the Spanish 10-year bonds yields hit an euro-era high of 7.51% and Italian 10-year yields remain above 6%.
Gold dropped 0.7% to $1,571 an ounce, while crude-oil futures slumped 3.8% to $88.29 a barrel.
The Dow Jones industrial average fell 223 points, or 1.75%, to 12,598. The Standard & Poor's 500 Index dropped 23 points, or 1.76%, to 1,338. The Nasdaq Composite Index lost 65 points, or 2.25%, to 2,859.
European markets were broadly lower, with the the Stoxx Europe 600 losing 2.8%. Spain's IBEX-35 index dropped 2.2%, while Italian FTSE MIB Index shed 3.6%.
Meanwhile, stress in the peripheral debt market won't ease as the Spanish 10-year bonds yields hit an euro-era high of 7.51% and Italian 10-year yields remain above 6%.
Gold dropped 0.7% to $1,571 an ounce, while crude-oil futures slumped 3.8% to $88.29 a barrel.
