Late Slide Leaves Stocks in the Red

After a choppy session, indexes succumbed to selling pressure in Wednesday's final hour amid persistent worries about economic growth

Major U.S. stock indexes finished lower on Wednesday, giving back earlier gains as selling accelerated into the close. Persistent concerns about further bank woes, on writedowns by Bear Stearns Cos. (BSC) and HSBC Holdings (HBC), apparently trumped initial positive reactions to a raft of better-than-expected economic numbers. A rebound in oil prices was also likely partly to blame.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.