Stocks End Sharply Lower; Biotech Slump Weighs

U.S. stocks finished sharply lower Monday, unable to shake worries over data from China and the outlook for global economic growth. The S&P 500 fell 49.56 points, or 2.6% to settle at 1,881.78, while the Dow Jones Industrial Average ended down 312.78 points, or 1.9%, at 16,001.89. The Nasdaq Composite dropped 142.52 points, or 3%, to finish at 4,543.97, weighed down by a sharp selloff by biotech shares.

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