Bank stocks were pounded again Monday on concerns that Basel III capital requirements would provide another blow to the beleaguered industry. Investors also dumped shares after European Central Bank head Mario Draghi gave a speech in which he offered little in the way of support to solve the region’s sovereign debt crisis.
For the day, the Dow Jones Industrial average shed 100 points to 11,766.26 while the Nasdaq and S&P 500 lost 32 points and 14 points, respectively.
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