NEW YORK (Reuters) - U.S. stocks extended declines on Thursday, hurt by a warning from General Motors about possible bankruptcy and persistent uncertainty about the fate of major banks.
Worries about the financial system's health hit bank stocks again as investors focused on the possibility that the troubles of the embattled finance arm of General Electric
Financials led the S&P down, with the financial index <.GSPF> sliding more than 8 percent, while shares of embattled bank Citigroup
The Dow Jones industrial average <.DJI> fell 208.92 points, or 3.04 percent, to 6,666.92. The Standard & Poor's 500 Index <.SPX> lost 25.13 points, or 3.53 percent, to 687.74. The Nasdaq Composite Index <.IXIC> was down 40.61 points, or 3.00 percent, at 1,313.13.
(Reporting by Leah Schnurr; Editing by Jan Paschal)
