In association with

Banks sell off but Wall Street ends far from lows | Reuters

NEW YORK 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.

(Reporting by Rodrigo Campos; Editing by Meredith Mazzilli)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Published Date: Feb 12, 2016 03:00 AM | Updated Date: Feb 12, 2016 03:00 AM

Also See