Loading…
Friday, December 26, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 6/26/2014

Stocks end lower, paring much of an early loss; Banks slide after lawsuit against Barclays

ASSOCIATED PRESS

NEW YORK — Stocks closed lower on Wall Street today, with banks posting some of the biggest declines.

Barclays fell after New York’s attorney general sued the British bank, saying it misled large investors by promising to protect them from predatory high-frequency traders. Barclays’ U.S.-listed shares fell 7 percent.

Bed Bath & Beyond plunged 7 percent after the company posted earnings and sales that fell short of analysts’ estimates.

The Dow Jones industrial average fell 21 points, or 0.1 percent, to close at 16,846 today. It was down as much as 121 points earlier.

The Standard & Poor’s 500 index lost two points, or 0.1 percent, to 1,957. The Nasdaq composite slipped less than a point to 4,379.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.53 percent.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories