U.S. stocks closed with steep losses amid reports that a key meeting of Europe's finance ministers was canceled. The Dow fell 207 points to 11706 as poor corporate earnings felled U.S. stocks.
The Dow fell about 61 points, with a weak performance by banks and energy
Unemployment report showing a gain of 216,000 jobs provided a lift for stocks. With unemployment rate at a two-year low, the Dow rose 56 points.