U.S. equity markets opened solidly lower on Monday as investors remained skittish following the biggest weekly selloff in two years. Adding to the pessimistic mood were global equities, which were deeply in the red. The Dow Jones Industrial Average lost 313 points, or 1.2%, to 25,207. The S&P 500 index declined 21 points, or 0.8% to 2,739, while the Nasdaq Composite fell 71 points, or 1% to 7,169. Among the worst performers on the S&P 500 Wells Fargo Inc. [s :WFC] sank 9% after the bank said Federal Reserve sanctions over customer-accounts scandals could cut into profit by as much as $400 million this year.
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