An early rally in stocks faded Monday after an initial burst of enthusiasm over a rescue of Spanish banks melted away on investor anxiety about the troubled finances in Europe.
The Dow Jones industrial average fell 142.97 points, or 1.1 percent, to 12,411.23.
The Standard & Poor's 500 fell 16.73 points, or 1.3 percent, to 1,308.93.
The Nasdaq composite index fell 48.69 points, or 1.7 percent, to 2,809.73.
For the year:
The Dow is up 193.67 points, or 1.6 percent.
The S&P 500 is up 51.33 points, or 4.1 percent.
The Nasdaq is up 204.58 points, or 7.9 percent.
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