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 …