Dow slides again as bank earnings and China tech curbs hit Wall Street
The Dow fell 0.60% to 48,894.60 Wednesday, extending losses as bank and tech stocks dropped. Wells Fargo slid 5.6% after missing earnings, while Bank of America and Citigroup declined despite beating estimates. U.S. retail sales rose 0.6% in November, but inflation remained at 2.7% year-over-year. Investors await the Fed’s Beige Book and upcoming earnings.