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1.Market Observations, 8.Was Sticky

14 Apr 2017 (AFR) – Wall St slides on banks, energy producers and techs

(14 April 2017, AFR online)

‘Major US stock indexes fell for a third straight day to end a holiday-shortened week as investors weighed earnings reports from big US banks and geopolitical tensions, while the tech sector fell for a tenth consecutive session. Wells Fargo shares fell 3.3 per cent, pulling down the S&P 500, after the bank reported a drop in mortgage banking revenue. Berkshire Hathaway also disclosed late on Wednesday that it had cut its stake in the bank.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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