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NY stocks down amid concern over European banks www3.nhk.or.jp
Stock prices in New York fell on Monday following sharp drops in European markets amid concern over the outlook for some banks there.
On the New York Stock Exchange, investors turned risk-averse and sold shares after European markets ended lower.
The Dow Jones Industrial Average ended the day at 18,094, down 166 points from last week.
The US Justice Department's move to claim a massive settlement from Deutsche Bank, Germany's biggest lender, led to drops in Europe.
Market analysts say that investors are worried about European lenders, including Italy's major bank, which is facing a possible capital shortfall.
They say investors are also anxious ahead of the first televised US presidential debate between Republican Donald Trump and Democrat Hillary Clinton.
Published Date:2016-09-27
