US STOCKS-Wall St drops for 5th day on global economy, earnings concern

jueves 15 de enero de 2015 18:00 GYT

* Bank of America, Citi down after results

* U.S. crude falls more than 4 percent

* Swiss National Bank scraps 3-year euro cap on franc

* Best Buy shares fall

* Indexes off: Dow 0.6 pct, S&P 0.9 pct, Nasdaq 1.5 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Jan 15 (Reuters) - U.S. stocks fell for a fifth straight session Thursday as bank results disappointed and investors fretted over the potential impact of global economic weakness on U.S. earnings.

Energy shares extended recent losses as oil prices settled down more than 4 percent after weak U.S. economic data spurred worries over oil demand. The S&P energy index fell 1.2 percent.

"We're probably going to see slowing in the global economy, and it will be very difficult to sail through a global recession without getting touched," said Scott Colyer, chief executive officer of Advisors Asset Management in Monument, Colorado.   Continuación...