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Market Snapshot: Dow, Nasdaq log worst day since September as financial stocks crumble

U.S. stocks sank Tuesday as the Dow and the Nasdaq logged their worst daily drops since September, while the S&P 500 also tumbled the most in a single session in five months.

The Dow Jones Industrial Average DJIA, -1.14% fell 237.85 points, or 1.1%, to close at 20,668.01, the biggest percentage decline since blue chips fell by 1.4% on Sept. 13. The S&P 500 SPX, -1.24% posted its steepest fall since Oct. 11, shedding 29.45 points, or 1.2%, to end at 2,344.02, and the Nasdaq COMP, -1.83% had its worst day since Sept. 9, falling 107.70 points, or 1.8%, to finish at 5,793.83.

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