NEW YORK, N.Y. – Late-day selling sent U.S. stocks to a loss Monday and erased nearly all of the market’s gains for the month. Weak earnings for drug companies pushed health care stocks lower, and energy shares fell as natural gas plunged.
The Dow Jones industrial average slid 123.47 points, or 0.7 per cent, to 16,516.50.
The Standard & Poor’s 500 index lost 15.82 points, or 0.8 per cent, to 1,932.23.
The Nasdaq composite index fell 32.52 points, or 0.7 per cent, to 4,557.95.
For the year:
The Dow is down 908.53 points, or 5.2 per cent.
The S&P 500 is down 111.71 points, or 5.5 per cent.
The Nasdaq is down 449.46 points, or 9 per cent.