
U.S. shares closed lower overnight amid concerns Spain may not be able to avoid a bailout.
Dow Jones Industrial Average fell 101.11 points, or 0.79 per cent, to end at 12,721.46.
S&P 500 slipped 12.14 points, or 0.89 per cent, to 1,350.52.
All 10 S&P sectors finished in negative territory, led by energy and materials shares
Nasdaq composite fell 35.15 points, or 1.20 per cent, at 2,890.15.