NEW YORK U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, but a late rally in energy shares left the market well off its lows of the day.
The Dow Jones industrial average .DJI was down 176.14 points, or 1.09 percent, to 16,028.83, the S&P 500 .SPX had lost 26.5 points, or 1.41 percent, to 1,853.55 and the Nasdaq Composite .IXIC had dropped 79.39 points, or 1.82 percent, to 4,283.75.
(Reporting by Marcus E. Howard; Editing by Nick Zieminski)
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Published Date: Feb 09, 2016 03:00 AM | Updated Date: Feb 09, 2016 03:00 AM