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Wall Street falls as bank stocks, Syria conflict weigh

Reuters  |  NEW YORK 

By April JoynerNEW YORK (Reuters) - Financial stocks led a drop on Wall Street on Friday as results from big banks failed to enthuse and fear of broader conflict in Syria further unnerved investors.The S&P banks index fell 2.6 percent and the broader S&P financial index lost 1.6 percent, the most among the 11 major S&P sectors.Shares of JPMorgan Chase & Co , the biggest U.S. bank by assets, dropped 2.7 percent after the bank's quarterly profit fell slightly short of expectations. JPMorgan shares were the biggest weight on the S&P 500.Wells Fargo sank 3.4 percent after the bank said it may ...

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First Published: Sat, April 14 2018. 02:14 IST