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US STOCKS SNAPSHOT-Wall Street trims gains on weakness in banks

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(Globalpost/GlobalPost)

NEW YORK, March 8 (Reuters) - U.S. stocks gave up earlier gains on Friday, with the S&P 500 and Nasdaq turning negative on weakness in banking shares.

Wall Street had opened higher on a strong payroll report, but turned lower as Goldman Sachs dropped 2.6 percent to $152.68 as the S&P's biggest percentage decliner. Morgan Stanley fell 1.9 percent to $22.77.

The Dow Jones industrial average was up 15.43 points, or 0.11 percent, at 14,344.92. The Standard & Poor's 500 Index was down 0.35 points, or 0.02 percent, at 1,543.91. The Nasdaq Composite Index was down 2.06 points, or 0.06 percent, at 3,230.03.

http://www.globalpost.com/dispatch/news/thomson-reuters/130308/us-stocks-snapshot-wall-street-trims-gains-weakness-banks