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NEW YORK — Stocks pared their losses and ended narrowly mixed Monday amid anxiety over Europe’s financial crisis and a widening probe into insider trading on Wall Street.

Bank shares slumped after the Federal Bureau of Investigation raided the offices of two hedge funds as part of a broad insider trading probe. Goldman Sachs Group Inc. sank 3.4 percent, while Bank of America Corp. fell 3.1 percent.

Retail and consumer goods stocks rose on hopes that shoppers will be in a spending mood when they turn up in stores the day after Thanksgiving as the holiday shopping season gets under way.

The Dow was down as much as 149 points earlier.

Bank stocks were already under pressure because of concerns over how the bailout of Ireland would affect their investment portfolios and their ability to increase dividends.

“As part of the Ireland bailout, banks will have to take a haircut,” said Benjamin Wallace, securities analyst at Grimes & Co in Westborough, Mass.