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Empresas y finanzas

Wall Street loses ground as bank hopes fade


    NEW YORK (Reuters) - Stocks pared gains and the Dow briefly turned negative on Wednesday as hopes faded for new details on a plan to shore up the banking system.

    After the market close on Tuesday, U.S. Treasury Secretary Timothy Geithner said he wanted to make it "compelling" for banks to cleanse balance sheets of 'toxic' assets and would quickly work out details for financing bad asset sales.

    Bank stocks cut earlier gains following the previous session's strong rally.

    The Dow Jones industrial average added 5.42 points, or 0.08 percent, to 6,931.91. The Standard & Poor's 500 Index inched up 2.26 points, or 0.31 percent, to 721.86. The Nasdaq Composite Index was up 8.53 points, or 0.63 percent, at 1,366.81.

    (Reporting by Leah Schnurr; Editing by James Dalgleish)