U.S. Stocks Fall on European Debt Concern; Google, EBay Slump
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U.S. stocks declined, preventing the third straight monthly advance for the Standard & Poor’s 500 Index, amid concern that Europe’s government debt crisis will worsen and as Google Inc. faced an antitrust probe.
Google fell 4.5 percent, the most since July, after European Union antitrust regulators began an investigation. EBay Inc. dropped 3.6 percent after the stock’s rating was cut at Piper Jaffray & Co. Bank of America Corp. slumped 3.2 percent, the most in the Dow Jones Industrial Average, as the cost to insure its debt against default climbed to a 16-month high.