NEW YORK (Reuters) - Stocks hit a session low on Friday, led lower by the financial sector after CNBC reported that the government may put on hold a proposal to set up a "bad bank" that would take over toxic assets.
The Dow Jones industrial average <.DJI> stumbled 132.46 points, or 1.63 percent, to 8,016.55. The Standard & Poor's 500 Index <.SPX> fell 16.53 points, or 1.96 percent, to 828.61. The Nasdaq Composite Index <.IXIC> lost 23.46 points, or 1.56 percent, to 1,484.38.
(Reporting by Deepa Seetharaman; Editing by Jan Paschal )
