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S&P 500 falls 1 percent on euro bank worries


    NEW YORK (Reuters) - Wall Street dropped on Tuesday, with the S&P 500 briefly falling 1 percent, after reports on the European banking system reignited concerns about the financial stability of the region.

    The Dow Jones industrial average dropped 79.54 points, or 0.76 percent, to 10,368.39. The Standard & Poor's 500 Index lost 10.05 points, or 0.91 percent, to 1,094.46. The Nasdaq Composite Index fell 14.75 points, or 0.66 percent, to 2,219.00.

    (Reporting by Edward Krudy; editing by Jeffrey Benkoe)