Stocks Tumble to 12-Year Lows

Both the Dow and S&P 500 posted their lowest close since 1997 amid anxiety about bank nationalizations and the health of the economy

U.S. stocks tumbled to their lowest closing levels in over a decade Monday, weighed down by lingering worries about the financial sector and the economy. The sell-off sent the S&P 500 index to its lowest close since April, 1997, and the Dow Jones industrial average to its worst finish since May, 1997.

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