US STOCKS SNAPSHOT-Wall Street declines, Nasdaq turns lower

NEW YORK Wed Nov 14, 2012 10:35am EST

NEW YORK Nov 14 (Reuters) - U.S. stocks fell on Thursday, erasing earlier gains that came on strong results from Cisco Systems.

While shares of Cisco stayed sharply higher, all three major indexes fell, continuing a recent trend where equities have been unable to hold onto early gains amid concerns about impending U.S. budget discussions and a debt crisis in Europe.

The Dow Jones industrial average was down 52.68 points, or 0.41 percent, at 12,703.50. The Standard & Poor's 500 Index was down 4.67 points, or 0.34 percent, at 1,369.86. The Nasdaq Composite Index was down 3.25 points, or 0.11 percent, at 2,880.64.

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