Stocks were broadly lower on Thursday, giving up early gains as investors began to worry more about looming macroeconomic data and the likely course of the U.S. economy.

A substantial drop in bank stocks reflected rising concerns in the face of high-profile bank liquidations and capital raising activity. By the end of the day, the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell more than 2%, and the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) were down almost that much.

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Source Fool.com