Growth worries, rate hike uncertainty pull Wall Street down

U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day. Uncertainty over whether the Federal Reserve would raise rates this year also dragged down U.S. bank stocks, pushing the S&P financial index down 2.6 percent. The index is off 14.6 percent for the year, the worst-performing of the 10 major S&P sectors.