US stocks finish down on Europe concerns

US stocks ended lower on Monday as ECB and European FMs did not manage to provide plausible details how to curb debt crisis. Moreover Draghi, ECB president, denied bank's possible intervention in bond purchases. S&P 500 index tumbled 1.2% or 14.31 points to 1,205.35, Dow Jones Industrial Average finished 0.8% or 100.13 points down at 11,766.26, while Nasdaq Composite Index declined 1.3% or 32.19 points reaching 2,523.14.