Why U.S. stocks fell today: Nasdaq slides as bank earnings and China cyber worries rattle Wall Street
The Nasdaq fell 1% Wednesday as tech and bank shares declined. Wells Fargo dropped nearly 5% after missing profit estimates, while Citi and Bank of America also slipped despite beating forecasts. The Dow lost 42 points and the S&P 500 fell 37. The Russell 2000 closed at a record high.