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NEW YORK (AP) — U.S. stocks slumped Monday, and banks took the biggest losses. Deutsche Bank hit an all-time low as investors worried about the financial health of Germany's largest bank. Pfizer pulled drugmakers down after it announced it won't break up into two companies.
On Monday:
The Dow Jones industrial average sank 166.62 points, or 0.9 percent, to 18,094.83.
The Standard & Poor's 500 index slid 18.59 points, or 0.9 percent, to 2,146.10.
The Nasdaq composite gave up 48.26 points, or 0.9 percent, to 5,257.49.
For the year:
The Dow is up 669.80 points, or 3.8 percent.
The S&P 500 is up 102.16 points, or 5 percent.
The Nasdaq is up 250.08 points, or 5 percent.
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This story has been corrected to show that the Nasdaq declined 0.9 percent Monday, not 0.8 percent.
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