S&P 500 Has Biggest Drop Since November on Europe Concern

U.S. stocks fell, driving the Standard & Poor’s 500 Index to its biggest decline since November, on concern that the European debt crisis may intensify.

All 10 groups in the S&P 500 fell at least 0.5 percent. Wal-Mart Stores Inc. dropped 1.2 percent as JPMorgan Chase & Co. cut its rating on the stock. Gannett Co. erased 6.7 percent on concern that TV revenue growth won’t be enough to compensate for weak print advertising. Herbalife Ltd. rose 1.3 percent, rebounding from a decline of as much as 12 percent, after the Federal Trade Commission corrected an erroneous statement that said the company was the subject of a law-enforcement probe.