Economics
S&P 500 Caps Biggest Decline in 2012 on Europe Concern
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U.S. stocks slumped, giving the Standard & Poor’s 500 Index its biggest decline this year, as concern grew about the success of a Greece debt-swap deal and after a report showed that the European economy contracted.
All 10 groups in the S&P 500 fell as financial, industrial and commodity shares had the biggest losses. Alcoa Inc., Caterpillar Inc. and Bank of America Corp. decreased more than