The stock market took a late afternoon fall Monday after European finance ministers failed to come up with the full amount of money pledged for a bailout fund. Cautious comments from the head of the European Central Bank also helped push stocks lower.
Banks led the way down. Morgan Stanley dropped more than 5 percent. Bank of America Corp. sank 4 percent, the biggest fall in the Dow Jones Industrial average.
The Dow lost 100.13 points, or 0.8 percent to close at 11,766.26.
The S&P 500 index fell 14.31 points, or 1.2 percent, to 1,205.35.
The Nasdaq composite index fell 32.19 points, or 1.3 percent, to 2,523.14.
For the year to date:
The Dow is up 188.75 points, or 1.6 percent.
The S&P is down 52.29, or 4.2 percent.
The Nasdaq is down 129.73, or 4.9 percent.