The Standard & Poor's 500 fell 0.16%, or 2.22 points, to 1,352.46. The Dow Jones Industrial Average lost 0.28%, or 36.18 points, to 12,736.29. The Nasdaq Composite decreased 0.19%, or 5.56 points, to 2,931.77.
"Seven percent is not a sustainable level of interest rates for Spain. That's scary stuff. We can't have one of our best trading partners going through terrible economic times and not having an effect on U.S. corporate earnings."