Oct. 9 (Bloomberg) — U.S. stocks plunged Thursday, with the Standard & Poor’s 500 Index’s erasing its biggest rally this year, on concern that slowing growth in Europe will hurt the American economy as the Federal Reserve ends its bond purchases.

All 10 of the main S&P 500 groups dropped at least 0.5 percent, with energy stocks plunging 3 percent to pace losses. Materials producers sank 1.9 percent even as precious metals rallied. Alcoa Inc. lost 4.7 percent after unofficially starting the earnings season.

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