US STOCKS-Wall St falls steeply with China, Greece fears paramount

viernes 17 de abril de 2015 16:50 GYT

* China action deepens worry of short-selling

* GE, Honeywell blame strong dollar for lower revenue

* Major indexes post losses for the week

* Indexes down: Dow 1.5 pct, S&P 1.1 pct, Nasdaq 1.5 pct (Updates to close)

By Caroline Valetkevitch

April 17 (Reuters) - The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.

Selling followed sharp overseas stocks declines and was broad, with all 10 major S&P 500 sectors losing ground.

Among the biggest drags, the S&P financials index was down 1.3 percent, with shares of Dow component American Express falling 4.4 percent to $77.32 after revenue missed analysts' estimates, partly due to the currency impact.

The Dow and S&P 500 both snapped two weeks of gains. For the week, the Dow was down 1.3 percent, the S&P 500 down 1 percent and the Nasdaq down 1.3 percent.   Continuación...