Wall St down on Euro fears

Dow Jones closed down 1.34 per cent overnight, while S&P and Nasdaq dropped 1.49 per cent and
1.31 per cent respectively amid light-volume sell-off on Euro debts fears

Financials, materials and energy led the Standard & Poor's 500 and Dow industrials lower, while the Nasdaq tech gauge took a hit as semiconductors slumped nearly 4 percent.

Losses were concentrated most heavily in cyclical stocks, with consumer sectors suffering the least damage though all 10 S&P 500 sectors were negative.