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Dow Ends Day Down 166

S&P 500, Nasdaq also close lower
By Newser Editors and Wire Services
Posted Sep 26, 2016 3:16 PM CDT
Dow Ends Day Down 166
Traders Kevin Lodewick, left, and Richard Cohen work on the floor of the New York Stock Exchange, Monday, Sept. 26, 2016.   (AP Photo/Richard Drew)

(Newser) – Banks led a broad decline on Wall Street as interest rates fell and the stock of a major German bank dropped sharply. Deutsche Bank's US-listed shares slumped 7% Monday after a report that the German government won't intervene with US officials who are pressing the bank to pay $14 billion in fees over mortgage securities. Drugmakers also fell after Pfizer said wouldn't split up into two companies, as many had hoped. Pfizer fell 2%. The Dow Jones industrial average slumped 166 points, or 0.9%, to 18,094. The Standard & Poor's 500 index slid 18 points, or 0.9%, to 2,146. The Nasdaq composite fell 48 points, or 0.9%, to 5,257. (Read more Dow Jones stories.)

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