☰

Telecomunicaciones y tecnología

Wall Street falls on earnings caution, bank jitters


    NEW YORK (Reuters) - Wall Street fell at the open on Monday on worries that problems persist for the struggling banking sector and after Bank of America's results relied heavily on one-time items as credit quality deteriorated markedly.

    Financial shares faced pressure after Bank of America Corp posted a big increase in troubled loans, while its purchase of Merrill Lynch & Co helped quarterly profit more than double.

    The Dow Jones industrial average dropped 121.79 points, or 1.50 percent, to 8,009.54. The Standard & Poor's 500 Index fell 15.67 points, or 1.80 percent, to 853.93. The Nasdaq Composite Index lost 31.30 points, or 1.87 percent, to 1,641.77.

    (Reporting by Edward Krudy; editing by Jeffrey Benkoe)