NOT TOO STRESSFUL: The results of stress tests on European banks released last week came under scrutiny. The tests didn't take into account how banks would fare if Greece or Italy defaults.
NEAR THE CEILING: In the U.S., the debt limit debate remains at a standstill. The Treasury Department says the limit must be raised by Aug. 2 or the government risks default.
INDEXES: The Dow fell 94.57 to 12,385.16. The S&P 500 fell 10.70 to 1,305.44. The Nasdaq fell 24.69 to 2,765.11.