NEW YORK (Reuters) - Stocks slid on Monday as General Motors and Chrysler took a step closer to potential bankruptcy, and a batch of European bank rescues increased concerns over the health of the financial system, interrupting a recent run-up.
GM shares
The Dow Jones industrial average <.DJI> dropped 254.16 points, or 3.27 percent, to end unofficially at 7,522.02. The Standard & Poor's 500 Index <.SPX> lost 28.41 points, or 3.48 percent, to 787.53. The Nasdaq Composite Index <.IXIC> slid 43.40 points, or 2.81 percent, to 1,501.80.
(Reporting by Rodrigo Campos; Editing by Jan Paschal)