US STOCKS-Wall St dragged lower by Apple and banks



* Fed Chair Janet Yellen to speak at 4:00 p.m. ET
* Apple drops on Barclays price target cut
* Indexes down: Dow 0.85 pct, S&P 0.65 pct, Nasdaq 0.66 pct (Updates to afternoon)
By Noel Randewich
Sept 29 Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as investors worried about the health of Deutsche Bank.
The S&P 500 financial index dropped 1.11 percent after Bloomberg reported that some hedge funds have withdrawn excess cash and positions held at the German lender.
Concerns over the stability of Germany's... read more

 
29 September 2016 in World News, Views: 42
Source: Reuters
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