The Dow Jones Industrial Average slipped 140 points, or 1.1%, to close at 12,151. Bank of America ( BAC), Alcoa ( AA) and Cisco ( CSCO) led the losses as all 30 components of the index fell. The S&P 500 dropped 16 points, or 1.3%, to 1,249, with raw materials and energy shares leading losses by all ten industry groups as a strongerdollar led commodities lower. The Nasdaq declined 35 points, or 1.3%, to 2,590.
NEW YORK ( TheStreet) -- U.S. stocks fell Wednesday as a surge in lending by the European Central Bank renewed fears of financial instability throughout the region.
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-- Written by Kaitlyn Kiernan in New York. >To contact the writer of this article, click here: Kaitlyn Kiernan To follow the writer on Twitter, go to @Kaitlyn_Kiernan.