Stocks tumbled Monday, with the Dow and S&P 500 falling to 12-year lows after insurance company American International Group's huge quarterly loss added to worries about the financial sector and the economy.
The Dow Jones industrial average (INDU) lost almost 300 points, or 4.2% to end at 6763.29, its lowest point since April 25, 1997.
The S&P 500 (SPX) index lost 34 points, or 4.7%, ending at 700.82, its lowest close since Oct. 28, 1996.
The Nasdaq composite (COMP) lost 55 points, or 4% to end at 1322.85. The tech-fueled Nasdaq has held up better than the other major averages this year and remains above its close of 1316.12 from Nov. 20, 2008.
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