NEW YORK (Reuters) - Stocks dropped at the open on Monday as Spain appeared closer to needing a sovereign bailout and fears grew that Greece may be approaching an exit from the euro zone.
The Dow Jones industrial average <.DJI> dropped 149.47 points, or 1.17 percent, to 12,673.10. The Standard & Poor's 500 Index <.SPX> lost 17.25 points, or 1.27 percent, to 1,345.41. The Nasdaq Composite Index <.IXIC> fell 60.32 points, or 2.06 percent, to 2,864.98.
(Reporting by Chuck Mikolajczak, editing by Dave Zimmerman)
