Tue, 26 Jun 2012 07:37:20 GMT
US shares tumble on fresh European fears
US equity markets experienced downward path on Monday weighed down by negative news from Europe as Moody's downgraded Spanish banks and Merkel's speech raised concerns EU summit will not bring any particular solution to debt woe. Better than expected new home sales sent building shares higher but did not manage to break overall negative trend. S&P 500 index fell 1.6%