US stocks decline as Italy's yields climbed

© Scanpix/AP

On Monday US equities slipped as Italian borrowing costs surged, pressing euro down and rising investors' concerns about further expansion of Eurozone debt crisis. S&P 500 Index lost 1% or 12.06 points reaching 1,251.79, Dow Jones Industrial Average decreased 0.6% or 74.7 points to 12,078.98 while Nasdaq Composite dropped 0.8% or 21.53 points to 2,657.22.