Stock Market

Dow Jones Takes Big Hit

Continuing bad news just sucked the wind out of its sails


U.S. stocks fell, with the Dow industrials headed for their biggest decline of the month, amid mounting doubts about the prospect of more stimulus from the Federal Reserve and concerns about the sustainability of the market's summer gains.

The Dow Jones Industrial Average gave up 111 points, or 0.9%, to 13061 in late-afternoon trading on Thursday, on pace for its biggest drop since July 20. The pullback further trimmed a nearly 10% rally from the blue-chip benchmark's early June lows through Friday, the last day the average notched an increase.