NEW YORK (MCT) — A slump in financial stocks Monday sent the Dow Jones Industrial Average to its first close below 10,000 in three months as concerns about the global economy and U.S. interest-rate policy simmered.

The blue-chip measure fell 103.84 points, or 1 percent, to 9908.39, near its intraday low in a session that saw selling accelerate into the closing bell. The Dow was led lower by a 3.5 percent decline in Bank of America Corp., while American Express fell 2.8 percent, Travelers fell 2.5 percent, and J.P. Morgan Chase fell 1.6 percent.