☰

Empresas y finanzas

Wall Street slides on auto worry and financials


    NEW YORK (Reuters) - Stocks fell on Thursday on dimming prospects for a federal bailout of Detroit's Big Three automakers, while bleak comments about the banking sector from JPMorgan's chief executive hit financial shares.

    * JPMorgan Chase & Co was the top drag on the Dow, falling 10.7 percent to $29.94 after CEO Jamie Dimon said the company's December quarter was "terrible."

    * Energy shares gained after the International Energy Agency forecast global oil demand will rebound next year, sending crude oil up nearly 9 percent to $50.04 a barrel.

    * The Dow Jones industrial average fell 196.33 points, or 2.24 percent, to end unofficially at 8,565.09. The Standard & Poor's 500 Index sank 25.65 points, or 2.85 percent, to finish unofficially at 873.59. The Nasdaq Composite Index dropped 57.60 points, or 3.68 percent, to close unofficially at 1,507.88.

    (Reporting by Deepa Seetharaman; Editing by Jan Paschal)