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Wall St ends with sharp losses in broad decline

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Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks fell sharply on Monday, with both the Dow and S&P 500 suffering their biggest one-day declines in about three months on concerns that economic problems elsewhere could hurt the United States.

The day's losses were broad, with all 10 S&P 500 sectors lower on the day, though energy shares were by far the weakest, dropping nearly 4 percent alongside a drop of 5.5 percent in the price of crude oil.

The Dow Jones industrial average fell 325.27 points, or 1.82 percent, to 17,507.72, the S&P 500 lost 37.18 points, or 1.81 percent, to 2,021.02 and the Nasdaq Composite dropped 74.24 points, or 1.57 percent, to 4,652.57.

 

(Reporting by Ryan Vlastelica; Editing by Meredith Mazzilli)

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First Published: Jan 06 2015 | 3:10 AM IST

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