Closing Bell: Financials Lead Selloff; S&P 500's Worst Day Since September

Another scandal from the White House rocked financial markets in the most punishing day of the year and the worst for the S&P 500 since September.
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Another scandal from the White House rocked financial markets in the most punishing day of the year and the worst for the S&P 500 since September. Financials stocks were the hardest hit. Colgate-Palmolive (CL) - Get Report surged on reports CEO Ian Cook is contemplating a sale. Cook reportedly told institutional investors that a potential deal could put Colgate at $100 a share, pushing the total value to $88 billion.  Urban Outfitters (URBN) - Get Report declined after disappointing quarterly sales. Revenue inched 0.2% lower, falling short of consensus. Net income also missed expectations. Advanced Micro Devices (AMD) - Get Report tumbled following weak earnings guidance. The chipmaker surged a day earlier on a rumored licensing deal with rival Intel (INTC) - Get Report .