US STOCKS-Wall St drops as Pfizer falls, Deutsche Bank drags financials

lunes 26 de septiembre de 2016 10:05 GYT
 

* Deutsche Bank down, weighs on U.S. financials

* Pfizer falls after abandoning plans to split

* U.S. presidential debate kicks off at 9:00 p.m. ET

* Indexes down: Dow 0.76 pct, S&P 0.65 pct, Nasdaq 0.78 pct (Updates to open)

By Yashaswini Swamynathan

Sept 26 (Reuters) - Wall Street was lower on Monday as Pfizer weighed on health stocks and Deutsche Bank on financials.

Deutsche Bank's U.S.-listed shares fell 6 percent to a record low of $11.96, and dragged on big Wall Street banks, after a German magazine said Chancellor Angela Merkel has ruled out state assistance for the lender.

The bank said it had no need for German government help with a $14 billion U.S. demand to settle claims it missold mortgage-backed securities.

The S&P financial index dropped 1.02 percent, the most among the 10 S&P 500 sectors that were in the red. Goldman Sachs' 1.6 percent decline made it the top drag on the Dow. JPMorgan dropped 1.2 percent.   Continuación...