Business

Late-day swoon sinks US stock indexes

By The Associated Press

Published October 13, 2014 8:08pm ET

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Late-day swoon sinks US stock indexes — Specialist Thomas Facchine, center, declares shares of Fiat Chrysler Automobiles open as they begin trading, on the floor of the New York Stock Exchange, Monday, Oct. 13, 2014. Fiat Chrysler Automobiles began trading Monday as the newly merged company seeks to raise its profile and give U.S. investors a chance to own a piece of the Chrysler comeback. (AP Photo/Richard Drew) | Richard Drew

Stocks are ending sharply lower after a late-afternoon slide.

The losses extended a downturn in the market last week which gave indexes their worst weekly performance in more than two years.

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