US STOCKS-Wall St drops with banks and oil as bonds rally

jueves 9 de junio de 2016 13:00 GYT

* Oil down more than 1 pct, ends 3-day rally

* Goldman, Wells Fargo lead financials lower

* Globally bond market rallies

* Indexes down: Dow 0.34 pct, S&P 0.4 pct, Nasdaq 0.53 pct (Updates to early afternoon)

By Yashaswini Swamynathan

June 9 (Reuters) - Banks led Wall Street lower on Thursday, mirroring global stocks, as oil prices fell and bond markets rallied amid demand for safe haven assets.

An index of world equity markets snapped a five-day winning streak. Oil prices snapped a three-day rally as traders took profits, pulling commodity-related stocks lower.

Global stocks were hit after European Central Bank President Mario Draghi warned that monetary policy alone would not avert the risk of Europe suffering lasting economic damage from weak productivity and low growth.

The ECB started buying back corporate bonds on Wednesday, which along with the concerns about Britain's referendum on European Union membership, pushed British and German sovereign debt yields to record lows.   Continuación...