CORRECTED-US STOCKS-Wall St hit by decline in financial, tech stocks

viernes 16 de septiembre de 2016 14:15 GYT
 

(Corrects to clarify U.S. Department of Justice is demanding a $14 billion settlement in talks with Deutsche Bank, but has not yet levied a fine. Changes throughout)

* Deutsche fine risk weighs on bank stocks

* Oracle drops, Intel rises on contrasting forecasts

* Quadruple witching day likely to lead to volatility

* Indexes down: Dow 0.40 pct, S&P 0.47 pct, Nasdaq 0.27 pct

By Yashaswini Swamynathan

Sept 16 (Reuters) - Wall Street was near session lows late on Friday morning as Oracle led a decline in tech stocks and financials came under pressure on the possibility that Deutsche Bank could face a $14 billion fine.

The settlement proposal, made during negotiations between the U.S. Department of Justice and Deutsche Bank over claims that the German bank missold mortgage-backed securities, was larger than expected. Deutsche's U.S.-listed shares were down 9.2 percent.

Dow components Goldman Sachs and JPMorgan fell 1.2 percent each. The S&P 500 financial index dropped 0.98 percent, the steepest among the 10 major S&P sectors.   Continuación...