US STOCKS-Wall Street ends down but off lows as bond prices gain

Mon Jun 24, 2013 4:45pm EDT
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* S&P 500 falls 4.8 percent over the past four sessions

* Materials, industrials and financial shares lead losses

* Stocks regain some ground as bond prices rise

* Tenet Health to buy Vanguard Health

* Indexes off: Dow 0.9 pct, S&P 1.2 pct, Nasdaq 1.1 pct

By Alison Griswold

NEW YORK, June 24 (Reuters) - U.S. stocks fell more than 1 percent on Monday, adding to a sell-off built on concerns about reduced stimulus from the Federal Reserve and on overnight losses in Chinese equity markets.

The market shed some of the day's losses in the afternoon, but it was the third time in the past four sessions that the S&P 500 dropped more than 1 percent. Volume was again above-average, with 8.33 billion shares traded on U.S. exchanges, a sign that the pullback has not abated yet.

Losses at one point extended as far as 2 percent, but stocks retraced some ground after two Fed officials downplayed the notion of an imminent end to monetary stimlus.   Continued...