U.S. stocks sell off on jobs worries , Lockhart
NEW YORK (MarketWatch) — U.S. stocks sold off sharply in late trade Monday, resulting in the worst losses for benchmark indexes in several months, on concerns about the December jobs report and more discussion of the Federal Reserve’s bond taper. The S&P 500 (SNC:SPX) closed 23.17 points or 1.3% lower at 1,819.20, its largest one-day point drop since Nov 7. The Dow Jones Industrial Average (DJI JIA) fell 179.1 points or 1.1% to 16,257.94, the largest point drop since Sep 20. The Nasdaq Composite (NASDAQ:COMP) finished 61.36 points or 1.5% down at 4,113.30, worst one-day point drop since Nov 7. Investors focused on earnings reports due to be released on Tuesday morning from two of the largest banks J.P. Morgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) .