Dow finishes down nearly 300 points amid bank fears

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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.

This article was originally published by Marketwatch.com. Read the original article here.

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