US STOCKS-Wall St's week-long rally fades as bank results disappoint

viernes 15 de julio de 2016 13:05 GYT
 

* Financials drop after disappointing Citi, Wells results

* Nice attack weighs on travel and leisure stocks

* U.S. June retail sales up more than expected

* Indexes down: Dow 0.06 pct, S&P 0.23 pct, Nasdaq 0.21 pct (Updates to early afternoon)

By Yashaswini Swamynathan

July 15 (Reuters) - A rally that pushed the S&P 500 to record highs every day this week ran out of steam on Friday, with financials leading Wall Street lower after disappointing results from big banks.

An attack in Nice, France that killed at least 84 people weighed on sentiment and dragged down travel and leisure companies.

Results from Citigroup and Wells Fargo failed to match up to the expectation set by JPMorgan's strong numbers on Thursday.

Citi's second-quarter profit dropped 14 percent, but was less than expected, while Wells Fargo's profit fell in line with expectations.   Continuación...