The US accelerate their losses in the final minutes  of trading to close near session lows, with the S&P 500 closing just  below the key 1,400 level, a day ahead of the Fed’s Jackson Hole  meeting and following reports that Spain may delay its decision on  seeking a bailout.
Dow Jones Industrial Average fell 0.81% or 106.77 points at  13000.71. Nasdaq Composite slipped 1.05% or 32.48 points at 3048.71.  Standard & Poor’s 500 shed 0.78% or 11.01 points at 1399.48.
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