Wall St ends down as EU Summit hopes fade

U.S. stocks closed down after Germany rejected some of the EU summit draft measures and as ECB President comments erased hopes that the central banks would raise its bond purchases of debt-ridden European nations.

The Dow Jones Industrial Average ended down 198.67 points, or 1.63 per cent at 11,997.70.

The S&P 500 plunged 26.66 points, or 2.11 percent, to end at 1,234.35.

All 10 S&P sectors ended in negative territory, led by financials and materials.

The Nasdaq fell 52.83 points, or 1.99 percent, to finish at 2,596.38.