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)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.
Updated Date: Feb 09, 2016 03:00:14 IST