US Stocks Still Lower As Spanish Bank Woes Stoke EU Debt Fears

U.S. stocks slumped as rising worries about the health of Spanish banks stoked concerns about the euro zone’s debt crisis.

The Dow Jones Industrial Average dropped 149 points, or 1.2%, to 12433 in late Wednesday trading. With one day of trading remaining in May, the Dow is on pace for its worst monthly performance in two years.

The Standard Poor’s 500-stock index lost 17 points, or 1.3%, to 1315, while the Nasdaq Composite shed 30 points, or 1%, to 2841.

Leading the stock declines were U.S. companies with significant exposure to global growth. Energy stocks fell the most as …

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