–Stocks erase initial gains after doubts arise on Spain’s request for bailout funds
–European stocks erase gains
–Asian markets had started overseas rally with sharp gains
NEW YORK–The Dow industrials headed for their first decline in five days as investors questioned whether Madrid’s weekend agreement to seek bailout funds for its banks will restore confidence in the Spanish economy.
The Dow Jones Industrial Average declined 97 points, or 0.8%, to 12458 in late afternoon trading. The blue-chip benchmark gave up a morning advance of as much as 96 points as optimism about the bailout faded. The retreat followed stocks’ biggest …