U.S. stocks suffered their biggest one-day drop since early March after worries about the auto and banking sectors capped a recent rise in investor sentiment.
The Dow fell 254 points, a loss of 3.2 percent, to 7,522. The S&P 500 gave up 28 points, a roughly 3-1/2 percent decline to 787. The Nasdaq fell 43 points, or 2.8 percent to 1,501. Speaker: Art Hogan, chief market strategist, Jefferies Conway Gittens reports from New York.