S&P, Dow down over 10 pct for the year as Wall St sinks

Investors dumped U.S. stocks across the board on Thursday, pushing the S&P 500 and the Dow Jones industrial average down more than 10 percent for the year, on fears over the health of the global economy. At its lowest on Thursday, the Nasdaq was 19.34 percent lower than its peak closing high on July 20, and about 35 points shy of being confirmed in bear territory. The rout in financial stocks is being led by banks as investors fear that the negative interest rates employed by a growing band