Stocks: Monday’s review

European stocks fell, extending the biggest monthly drop since September, as Spain entered a recession and U.S. business activity expanded at the slowest pace since November 2009.

Vestas Wind Systems A/S (VWS) slid 3.4% as Credit Suisse Group AG recommended investors sell the shares.

AB InBev lost 1.2%. The world’s biggest brewer reported a 6.2 percent gain in first-quarter revenue, excluding acquisitions, disposals and currency fluctuations. The median estimate of eight analysts was for a 6.6 percent increase.

Adidas  climbing 5.3% to the highest since its 1995 initial public offering. The company forecast a 12% to 17% increase in full-year profit, higher than a previous prediction of 10% to 15% growth.

US Stocks fell as a report showed that business activity expanded at the slowest pace since November 2009 and Spain’s economy entered into a recession.

Equities fell as the Institute for Supply Management- Chicago Inc. said its barometer slid to 56.2 during the month, lower than the most pessimistic forecast in a survey. Spain contracted in the first quarter, putting the euro region’s fourth-largest economy into its second recession since 2009. Consumer spending in the U.S. rose in March.