The Standard & Poor’s 500 Index fell the most
in more than a month, joining a global decline in equities, as mixed
data added to U.S. growth concerns and speculation rose that Greece
won’t be able to resolve its debt crisis.
The Standard & Poor’s 500 Index declined 1.2
percent to 2,089.51 at 4 p.m. in New York, near its average price during
the past 50 days. The Nasdaq Composite Index dropped 1.6 percent, and
the Russell 2000 Index lost 1.4 percent.
Concern has grown over whether Greece can meet its
obligation to pay about $1.1 billion due to the International Monetary
Fund by May 12. The Stoxx Europe 600 Index fell to its lowest level in
two years.
Source: Bloomberg
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