U.S. stocks fell Monday on fears the Spanish government may need a bailout. The cost of borrowing for Madrid soared to its highest since the euro was adopted in 1999. The single currency dropped to a two-year low against the dollar.
The Dow Jones industrial average fell 101.11 points, or 0.8 percent, to 12,721.46.
The Standard & Poor's 500 fell 12.14 points, or 0.9 percent, to 1,350.52.
The Nasdaq composite index fell 35.15 points, or 1.2 percent, 2,890.15.
For the year:
The Dow is up 503.90 points, or 4.12 percent.
The S&P 500 is up 92.92 points, or 7.39 percent.
The Nasdaq is up 285.00 points, or 10.94 percent.