Stocks Lower on Economy Worries

Stocks are lower in early trade a day after the markets broke a six-session losing streak, as a raft of weak economic news dampened hopes about the pace of the global economic recovery. The Dow Jones Industrial Average lately fell 112.77 points to 12,011.59. The Standard & Poor’s 500 Index declined 12.08 points to 1,276.92. The Nasdaq Composite Index shed 20.74 points to 2,www664.13.

The Federal Reserve may expand its annual review of bank capital beyond the 19 largest financial institutions to push rigorous risk-management standards into more banks, according to people familiar with the discussions.

Oil prices slipped below $101 a barrel Friday as a stronger dollar and expectations of increased output from Saudi Arabia overshadowed strong crude demand in China. By early afternoon in Europe, benchmark oil for July delivery was down $1.03 to $100.90 a barrel in electronic trading on the New York Mercantile Exchange.

China posted a smaller-than-expected trade surplus in May of $13.1 billion because of soaring imports and weaker global demand growth, giving mixed signals about how the economy fared when some of its best export customers faltered.

General Motors Co. is recalling more than 47,000 Cadillac SRX crossover vehicles in the U.S. because of a problem with the passenger side air bags.