NEW YORK — 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.
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.
This story has been corrected to show that the Nasdaq declined 0.9 percent Monday, not 0.8 percent.