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Stocks Fall as Caution Returns

After last week's gains, investors took profits on Monday. Financial issues weakened after an analyst downgrade of credit card companies

New York Giants fans on Wall Street were basking in the glow of their team's unexpected Super Bowl triumph over the previously unbeaten New England Patriots. But market players Monday remained focused on an opponent far scarier than Bill Belichick's crew: the prospect of a U.S. recession.

Major U.S. stock indexes fell on Monday as fears of an economic downturn remain rife. The Dow Jones industrial average dropped 103.97 points, or 0.82%, to 12,639.22. The broader S&P 500 index shed 13.78 points, or 0.99% to 1,381.64. The tech-heavy Nasdaq composite index fell 25.41 points, or 1.05%, to 2,387.95.