U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, but a late rally in energy shares left the market well above its lows of the day.
European banks led a global selloff in financial shares as signs of stress in the sector mounted.
15:02 U.S housing starts surge in December; jobless claims near 43-year low13
23:10 Tim Raines, Jeff Bagwell, Pudge Rodriguez elected to Baseball Hall of Fame18
21:45 Netflix posts its biggest-ever quarterly subscriber growth, stock surges 8%14
12:23 Sterling volatile as market speculates on ‘hard Brexit’; investors await May's speech18