US STOCKS-Wall St pulled lower by financial, health stocks

lunes 3 de octubre de 2016 11:31 GYT
 

* Purchasing Managers Index expands to 51.3 vs est. 50.3

* Utilities top loser among S&P 500 sectors

* Indexes down: Dow 0.29 pct, S&P 0.28 pct, Nasdaq 0.15 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Oct 3 (Reuters) - U.S. stocks started the fourth quarter on a weak note as healthcare stocks fell and Deutsche Bank's travails weighed on financials.

The German lender is working to reach a settlement with U.S. authorities who have demanded a fine of up to $14 billion for mis-selling mortgage-baked securities.

While the bank's Frankfurt-listed stock was not trading due to a public holiday, its U.S.-listed shares were down 2.7 percent at $12.72 on Monday.

The bank's woes have unsettled investors who are awaiting third-quarter corporate earnings and the upcoming U.S. presidential election.

Democratic presidential candidate Hillary Clinton is expected to unveil a plan on Monday to make it easier for consumers to take legal action against "bad corporate actors," citing Wells Fargo and drugmaker Mylan, according to a campaign official.   Continuación...