U.S. stocks derailed by European concerns

By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) — U.S. stocks opened sharply lower Monday, with Wall Street pessimism growing on prospects of concrete results from a meeting of European leaders later in the week.

The Dow Jones Industrial Average DJIA -0.99%   fell 139 points, or 1.1%, to 12,500.9.

What to expect this week in markets

Paul Vigna on The News Hub gives a preview of the upcoming week in global stock markets. Photo: Getty Images.

The S&P 500 SPX -1.30%   lost 17.70 points, or 1.4%, to 1,317.32.

The Nasdaq Composite COMP -1.36%   shed 37.95 points, or 1.3%, to 2,854.47.

A Supreme Court ruling on 2010’s Affordable Care Act is also expected this week, possibly as early as Monday.

“Oral arguments in late March suggest there is a good chance that the court will declare that a federal insurance mandate is unconstitutional and, in addition, find this to be sufficient reason to strike down the entire law,” wrote David Kelly, chief global strategist at J.P. Morgan Funds.

Health-care stocks in the S&P 500 were down about 1%; all 10 industry sectors were lower.

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