U.S. stocks ended lower Wednesday as concerns over troubled Credit Suisse added to worries about the banking system. The Dow Jones Industrial Average fell almost 300 points and closed 0.9% lower:
U.S. stocks ended lower Wednesday, with the Dow Jones Industrial Average falling almost 300 points, as concerns over troubled Credit Suisse Group CS, -13.94% added to worries about the banking system. The Dow DJIA, -0.87% closed 0.9% lower, while the S&P 500 SPX, -0.70% shed 0.
7% and the technology-heavy Nasdaq Composite COMP, +0.05% edged up around 0.1%, according to preliminary data from FactSet. The Swiss National Bank said Wednesday that it will provide liquidity to Credit Suisse “if necessary.” The S&P 500’s financial sector slumped 2.8% Wednesday, one of the index’s worst performing sectors along with energy and materials and industrials.
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