NEW YORK—Stocks sank Monday as Wall Street prepped for a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies.
The S&P 500 dropped 1.3 percent, giving back some of the gains that had carried it last week to its highest level since early December. The Dow Jones Industrial Average fell 260 points, or 0.8 percent, while the Nasdaq composite sank 2 percent.
