US STOCKS-Wall Street slips as financials drag

miércoles 24 de febrero de 2016 12:38 GYT
 

* US crude falls more than 2 pct

* JP Morgan down after signalling rough first quarter

* Boeing down after Goldman cuts price target

* Indexes down: Dow 1.27 pct, S&P 1.24 pct, Nasdaq 1.33 pct (Adds details, changes comment, updates prices)

By Abhiram Nandakumar

Feb 24 (Reuters) - U.S. stocks dropped more than 1 percent on Wednesday, dragged down by financial stocks, a day after JPMorgan signalled a rough first quarter and oil prices continued to fall.

All 10 major S&P sectors were lower, led by the 1.8 percent decline in financials, already the worst performing sector this year.

JP Morgan was down 2.3 percent at $54.81 after the bank forecast double-digit declines in investment banking revenue and raised its provisions for energy loan losses.

The bank's warning weighed on other lenders, which are bracing for defaults from oil and gas companies and face the brunt of volatile financial markets.   Continuación...