S&P 500 posts worst day since November; McGraw-Hill shares sink
NEW YORK (Reuters) – Socks slid on Monday, giving the S&P 500 its worst day since November, as renewed worries about the euro zone crisis caused the market to pull back from recent gains. Shares of McGraw-Hill shed 13. 8 percent to $50. 30, their worst daily percentage decline since the October 1987 market crash, after news the U. S. Justice Department plans to sue Standard & Poor’s, a unit of McGraw-Hill, over its ratings in 2007 of some mortgage bond deals. Moody’s Corp shares were down 10. 7 percent at $49. 45, their worst one-day drop since August 2011. . . .
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