Dow finishes down nearly 300 points amid bank fears


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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