U.S. stocks decline on concerns over the Europe's debt crisis

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Source: Dukascopy Bank SA
U.S. equities tumbled on Monday, heading the indexes towards their biggest decline in three months after partial parliamentary election results in Italy hovered concerns about the European debt crisis. The S&P 500 Index declined 1.8% to 1,487.85. All sectors in the gauge inched lower. F5 Networks paired biggest losses in the index, as it fell 3.1% to $89.55 adding to the decrease in health care shares that were 1.2% down. On the downside was also Chesapeake Energy Corp. with a 6.8% drop, trading at $19.11 by its close and pacing losses in the worst performing oil and gas group. The company agreed to sell its stake in an Oklahoma oilfield to a Chinese oil company. The top performer was Amgen Inc., posting a 3% rally, as a drug that competes with Amgen's anemia drug has been taken off the market due to severe allergic reactions of patients. Staples Inc. added 2% to close at $13.54.
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