-- The stock market had its worst drop this year as prices for oil and other commodities fell sharply on concerns about slowing growth in China.

Oil fell to a four-month low, dragging down energy stocks. Mining companies sank after gold had its biggest one-day drop since 1983.

The Dow Jones industrial average fell 265.86, or 1.8 percent, to close at 14,599.20.

The S&P 500 index fell 36.49 points, or 2.3 percent, to 1,552.36.

The Nasdaq composite fell 78.46 points, or 2.4 percent, to 3,216.49.

For the year:

The Dow is up 1,495.06 points, or 11.4 percent.

The S&P 500 is up 126.17 points, or 8.9 percent.

The Nasdaq is up 196.98 points, or 6.5 percent.

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  • 10. August 4th, 2011

    Dow Jones drops 513 points, or 4.3 percent

  • 9. October 22nd, 2008

    Dow Jones drops 514 points, or 5.7 percent

  • 8. October 27th, 1997

    Dow Jones drops 554 points, or 7.2 percent

  • 7. April 14th, 2000

    Dow Jones drops 618 points, or 5.7 percent

  • 6. August 8th, 2011

    Dow Jones drops 634.76 points, or 5.6 percent

  • 5. October 9th, 2008

    Dow Jones drops 679 points, or 7.3 percent

  • 4. December 1st, 2008

    Dow Jones drops 680 points, or 7.7 percent

  • 3. September 17th, 2001

    Dow Jones drops 685 points, or 7.1 percent

  • 2. October 15th, 2008

    Dow Jones drops 733 points, or 7.9 percent

  • 1. September 29th, 2008

    Dow Jones drops 778 points, or 7 percent