NEW YORK (Reuters) - 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)
