- Stocks down on euro fears
- New house sales better than expected

Dow Jones: -1.09%
S & P 500: -1.60%
NASDAQ: -1.95%

Wall Street started the week with losses, high volatility and a sell off across most sectors. Unsurprisingly, the European sovereign debt crisis continues to undermine investor sentiment with the nagging fear the crisis could seriously impair US economic growth.

ECONOMY

The main economic news was good on Monday: new home sales rose in May to 369,000, above the consensus forecast of 346,000.

COMPANIES

The FDA has requested additional information from Pfizer (-1%) and Bristol-Myers (-3%) on the new drug Eliquis aimed at preventing strokes.

Research In Motion (-7%) is considering splitting its business into two, according to The Sunday Times.

Constellation Brands (+12%) led the gains on the S&P 500, because brewing firm InBev is close to buying 50% of the Mexican company Grupo Modelo.

SECTORS

The biggest gains were in gold miners (+1.5%) and wine and spirits (+1.3%).

The largest losses were in shipping (-5%) and coal (-4%).

OTHER MARKETS

Futures contracts on a barrel of crude for August delivery fell -1.04%, to $79.36 on the Nymex.

The yield on 10 year treasury bonds fell to 1.609%.

The euro fell 0.52% against the dollar to $1.2504.

BS

S&P 500 – Risers
Constellation Brands Inc. Class A (STZ) $21.86 +12.85%
Supervalu Inc. (SVU) $5.11 +4.71%
CF Industries Holdings Inc. (CF) $183.66 +3.36%
Newmont Mining Corp. (NEM) $48.79 +1.73%
Cabot Oil & Gas Corp. (COG) $36.89 +1.35%
Wal-Mart Stores Inc. (WMT) $68.18 +1.31%
DeVry Inc. (DV) $27.69 +1.17%
Mosaic Company (MOS) $51.10 +1.03%
Watson Pharmaceuticals Inc. (WPI) $71.72 +0.99%
MEMC Electronic Materials (WFR) $2.16 +0.93%

S&P 500 – Fallers
Chesapeake Energy Corp. (CHK) $17.03 -8.49%
Monster Worldwide Inc. (MWW) $8.05 -6.18%
Sprint Nxtel Corp. (S) $3.09 -6.08%
Broadcom Corp. (BRCM) $32.30 -6.05%
Helmerich & Payne Inc. (HP) $39.34 -5.95%
Tenet Hlthcre Corp. (THC) $4.60 -5.93%
Advanced Micro Devices Inc. (AMD) $5.41 -5.58%
Genworth Financial Inc. (GNW) $4.89 -5.42%
Cameron International Corp. (CAM) $38.91 -5.35%
Pioneer Natural Resources Co. (PXD) $78.78 -5.23%

Dow Jones I.A – Risers
Wal-Mart Stores Inc. (WMT) $68.18 +1.31%

Dow Jones I.A – Fallers
Bank of America Corp. (BAC) $7.60 -4.28%
Hewlett-Packard Co. (HPQ) $19.55 -4.05%
Intel Corp. (INTC) $26.05 -3.29%
Microsoft Corp. (MSFT) $29.86 -2.72%
Alcoa Inc. (AA) $8.39 -2.67%
Caterpillar Inc. (CAT) $82.89 -2.44%
United Technologies Corp. (UTX) $73.75 -1.93%
Travelers Company Inc. (TRV) $62.15 -1.89%
JP Morgan Chase & Co. (JPM) $35.32 -1.86%
Walt Disney Co. (DIS) $46.70 -1.62%

Nasdaq 100 – Risers
Vodafone Group Plc ADS (VOD) $27.86 +0.69%
Virgin Media Inc. (VMED) $23.56 +0.62%
Biogen Idec Inc. (BIIB) $142.03 +0.20%

Nasdaq 100 – Fallers
Research in Motion Ltd. (RIMM) $9.10 -7.61%
Broadcom Corp. (BRCM) $32.30 -6.05%
Foster Wheeler AG (FWLT) $16.14 -5.28%
Dish Network Corp. (DISH) $26.99 -4.86%
First Solar Inc. (FSLR) $15.20 -4.28%
Lam Research Corp. (LRCX) $36.44 -3.98%
Staples Inc. (SPLS) $12.24 -3.96%
Altera Corp. (ALTR) $32.15 -3.87%
QUALCOMM Inc. (QCOM) $53.56 -3.75%
Expedia Inc. (EXPE) $46.25 -3.71%