Tue, 26 Jun 2012 08:37:17 GMT
S&P 500 tumbled 1.6% on Monday
S&P 500 index fell on Monday amid concerns that due to Germany's opposition European officials won't be able to come up with a valid solution for region's debt turmoil during upcoming EU summit. US benchmark dropped 1.6% or 21.30 points and closed at 1,313.72. World's biggest wine producer Constellation rallied 13% on news about acquisition by Anheuser-Busch InBev. Sprint Nextel