Stocks Tumble on Europe Fears

    Specialist Christopher Trotta works on the floor of the New York Stock Exchange Monday, June 25, 2012. U.S. stocks are sliding at the opening of trading, following global markets lower after Spain requested help for its struggling banks. (AP Photo/Richard Drew)

    Richard Drew / AP Photo

    Wall Street tumbled by its close on Monday, as investors worried over Europe’s future—and showed little optimism about the upcoming European Union summit. The Dow Jones industrial average dropped 138 points, NASDAQ was down 2 percent, and the S&P 500 was down 1.8 percent, meaning it will just about break even for June. “Last week we were very hopeful that they were moving forward and the meetings this week would have a positive ending,” said analyst Gail Dudack. “Today there is a lot of doubt the EU summit will generate anything substantial.”

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