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Stocks sink as Europe worries hit bank shares

SAN FRANCISCO (MarketWatch) -- U.S. stocks closed sharply lower Monday, dragged down by financial stocks on worries Greece would soon default on its sovereign debt. The Dow Jones Industrial Average lost 151.44 points, or 1.2%, to close at 12,505.76, led by a 3.3% decline in Bank of America Corp. shares. The S&P 500 fell 24.31 points, or 1.8%, to 1,319.49. The Nasdaq Composite fell 57.19 points ...

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Source: Market Watch

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