U.S. stocks close lower as banks, data in spotlight

NEW YORK, June 29 (Xinhua) -- U.S. stocks closed lower on Thursday as investors digested the country's major economic data, as well as the news that big banks all passed the Federal Reserve's stress test.

The Dow lost 0.78 percent, and the S&P 500 erased 0.86 percent, while the Nasdaq dropped 1.44 percent. Enditem