Banks sell off but Wall Street ends far from lows
Bank shares dragged Wall Street lower on Thursday on concerns the a slowing global economy will continue to pressure interest rates, but energy shares helped the market pare losses on a report that OPEC may move to cut oil production.
- Feb 12, 2016,
- Updated Feb 12, 2016 9:40 AM IST
Bank shares dragged Wall Street lower on Thursday on concerns the a slowing global economy will continue to pressure interest rates, but energy shares helped the market pare losses on a report that OPEC may move to cut oil production.
The Dow Jones industrial average .DJI fell 255.24 points, or 1.6 percent, to 15,659.5, the S&P 500 .SPX lost 22.91 points, or 1.24 percent, to 1,828.95 and the Nasdaq Composite .IXIC dropped 16.76 points, or 0.39 percent, to 4,266.84.
Bank shares dragged Wall Street lower on Thursday on concerns the a slowing global economy will continue to pressure interest rates, but energy shares helped the market pare losses on a report that OPEC may move to cut oil production.
The Dow Jones industrial average .DJI fell 255.24 points, or 1.6 percent, to 15,659.5, the S&P 500 .SPX lost 22.91 points, or 1.24 percent, to 1,828.95 and the Nasdaq Composite .IXIC dropped 16.76 points, or 0.39 percent, to 4,266.84.