Wall Street stocks closed low on Tuesday

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Agence France-Presse

Wall Street stocks closed low on Tuesday as traders returning from a long weekend holiday cashed in on last week's robust gains amid concerns over the European banking system.

The Dow Jones Industrial Average was down 107.24 points (1.03 percent) to 10,340.69 at the closing bell, while the broader S&P 500 index shed 12.67 points (1.15 percent) to 1,091.84 points.

The tech-rich Nasdaq composite index lost 24.86 points (1.11 percent) to 2,208.89.

"Relatively light economic and equity news may be prompting traders to harvest some of last week's gains in equities," analysts at Charles Schwab said in a note.

Last week, Wall Street closed its strongest week in two months after a much anticipated jobs report lifted hopes that the US economic recovery was on the right track.