Dow Ends Day Down 254

S&P 500, Nasdaq also close lower
By Newser Editors and Wire Services
Posted Feb 11, 2016 3:14 PM CST
Stock traders work at the New York Stock Exchange, Thursday, Feb. 11, 2016, in New York.    (Mark Lennihan)

(Newser) – US stocks fell for the fourth day in a row as concerns about global economic weakness intensified, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the US economy. Financial stocks fell hardest Thursday as investors worried that interest rates in the US and elsewhere would remain low and sap bank profits. Oil prices sank again, this time to their lowest levels since 2003. While all three major US indexes finished lower, they recovered somewhat from far steeper losses earlier in the day. The Dow Jones industrial average fell 254 points, or 1.6%, to close at 15,660. The Standard & Poor's 500 index fell 22 points, or 1.2%, to 1,829. The Nasdaq composite fell 16 points, or 0.4%, to 4,266. (Read more Dow Jones stories.)

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