US stocks: Wall St closes lower on banks

The Dow Jones industrial average was down 26.72 points,or 0.21 per cent,at 12,938.97.

Written by Agencies | New York | Published: February 23, 2012 5:40:59 am

US Stocks Closing: Banks led US stocks lower on Wednesday as the S&P 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas.

The Dow Jones industrial average was down 26.72 points,or 0.21 per cent,at 12,938.97. The Standard & Poor’s 500 Index was down 4.57 points,or 0.34 per cent,at 1,357.64. The Nasdaq Composite Index was down 15.40 points,or 0.52 per cent,at 2,933.17.

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