Stocks Close Lower, Led By Bank Declines

NEW YORK (June 26, 2014) Stocks closed lower Thursday and banks posted some of the biggest declines.

Barclays fell after New York's attorney general sued, alleging the British bank misled large investors by promising to protect them from predatory high-frequency traders.

Barclays' U.S.-listed shares fell 7 percent.

Bed Bath & Beyond plunged 7 percent after the company posted earnings and sales that fell short of analysts' estimates.

The Dow Jones industrial average fell 21 points, or 0.1 percent, to close at 16,846 Thursday.

It was down as much as 121 points earlier in the day.

The Standard & Poor's 500 index lost two points, or 0.1 percent, to end at 1,957.

The Nasdaq composite slipped less than a point to close at 4,379.

Bond prices rose.

The yield on the 10-year Treasury note fell to 2.53 percent.

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