NEW YORK (Reuters) – Banks led stocks lower on Wednesday as the SP 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas.

The Dow Jones industrial average .DJI was down 26.72 points, or 0.21 percent, at 12,938.97. The Standard Poor’s 500 Index .SPX was down 4.57 points, or 0.34 percent, at 1,357.64. The Nasdaq Composite Index .IXIC was down 15.40 points, or 0.52 percent, at 2,933.17.

(Reporting by Ryan Vlastelica; Editing by Kenneth Barry)

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