S&P 500 falls more than 1% for the second time this month

<p>The S&amp;P 500 fell 52 points, or 1.15% today, to 4437. It was the second 1% drop this month and before that the index hadn't fallen a full point since March. </p><p>With the decline today, the index also fell to a one-month low.</p><p>Home Depot today reported earnings and finished up 0.6% in choppy trade. The company reported numbers that beat guidance and said there was a pickup in late June.</p><p>The laggards were banks after Fitch warned it could downgrade credit ratings. The KRE regional bank index fell 3.3% and larger banks fell by a similar margin.</p><p>Elsewhere, tech and small cap stocks largely matched the decline in the S&amp;P 500:</p><ul><li>Nasdaq Comp -1.1%</li><li>DJIA -1.0%</li><li>Russell 2000 -1.2%</li><li>Toronto TSX -1.9%</li></ul>

This article was written by Adam Button at www.forexlive.com.