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Wall Street slides ahead of EU summit


    NEW YORK (Reuters) - Stocks fell sharply on Monday, putting the S&P 500 just a shade above break-even for the month, as investors saw little reason for optimism ahead of a European Union summit later this week.

    The Dow Jones industrial average dropped 137.97 points, or 1.09 percent, to 12,502.81. The Standard & Poor's 500 Index dropped 21.30 points, or 1.60 percent, to 1,313.72. The Nasdaq Composite Index dropped 56.26 points, or 1.95 percent, to 2,836.16.

    (Reporting By Edward Krudy; Editing by Kenneth Barry)