Wall Street tumbles on European summit skepticism
NEW YORK (Reuters) – Stocks fell sharply on Monday, putting the S&P 500 near break-even for June so far, as investors saw little reason to be optimistic about a European Union summit this week. Markets remain sensitive to European headlines as the region’s spiraling debt crisis could wreak further havoc on a slowing global economy. Financial and energy stocks were among the primary drags. U. S. crude futures lost 0. 7 percent to remain near the eight-month low hit last week. News that Spain had requested help for its struggling banks pressured financial stocks. . . .
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