May 31, 2012 / 4:46 PM / 7 years ago

US STOCKS SNAPSHOT - Wall St sharply cuts losses

NEW YORK, May 31 (Reuters) - U.S. stocks sharply pared losses on Thursday as traders cited a Dow Jones report that the IMF is considering providing a loan to Spain if the country is unable to bail out troubled bank Bankia.

The Dow Jones industrial average dipped 1.10 points, or 0.01 percent, to 12,418.76. The S&P 500 Index lost 3.18 points, or 0.24 percent, to 1,310.14. The Nasdaq Composite fell 12.40 points, or 0.44 percent, to 2,824.96.

Reporting By Edward Krudy, editing by Dave Zimmerman

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