The Standard & Poor’s 500 Index fell the most in more than a month, joining a global decline in equities, as mixed data added to U.S. growth concerns and speculation rose that Greece won’t be able to resolve its debt crisis.
The Standard & Poor’s 500 Index declined 1.2 percent to 2,089.51 at 4 p.m. in New York, near its average price during the past 50 days. The Nasdaq Composite Index dropped 1.6 percent, and the Russell 2000 Index lost 1.4 percent.
Concern has grown over whether Greece can meet its obligation to pay about $1.1 billion due to the International Monetary Fund by May 12. The Stoxx Europe 600 Index fell to its lowest level in two years.