US stocks drop on worries about banks

NEW YORK (AP) — U.S. stocks fell on Thursday, hurt by drops for midsized banks as worries flare about the loans they’ve made.

The S&P 500 slid 0.6% in its latest up-and-down day after erasing a morning gain. The Dow Jones Industrial Average dropped 301 points, or 0.7%, and the Nasdaq composite lost 0.5%.