Markets Right Now: Stocks end lower on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks continued to fall as Turkey's central bank was unable to stop another plunge in the nation's currency.
Banks and energy companies fell the most on Wall Street Monday. JPMorgan Chase gave up 1.6 percent and Exxon Mobil fell 1.1 percent. European and Asian markets also fell.
Stocks are coming off their worst losses in a month as investors worry the financial upheaval in Turkey might spread.
Turkey has resisted raising interest rates, which many see as necessary for shoring up the lira.
The S&P 500 fell 11 points, or 0.4 percent, to 2,821.
The Dow Jones Industrial Average lost 125 points, or 0.5 percent, to 25,187.