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Wall St trims gains on weak banks
Friday, March 08 15:33:26
U.S. stocks gave up earlier gains today, with the S and P 500 and Nasdaq turning negative on weakness in banking shares.
Wall Street had opened higher on a strong payroll report, but turned lower as Goldman Sachs dropped 2.6 percent to $152.68 as the S&P's biggest percentage decliner. Morgan Stanley fell 1.9 percent to $22.77.
The Dow Jones industrial average was up 15.43 points, or 0.11 percent, at 14,344.92. The Standard and Poor's 500 Index was down 0.35 points, or 0.02 percent, at 1,543.91. The Nasdaq Composite Index was down 2.06 points, or 0.06 percent, at 3,230.03.
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