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The S&P 500 financial index dropped 1.3pc, its fifth straight day of losses. Energy shares were the worst-performing ...

Wall St slides on banks

Major US stock indexes fell for a third day as investors weighed earnings reports from big US banks amid rising global risks.

Signage is reflected in the window of a JPMorgan Chase & Co bank branch in New York.

US bank engine keeps churning

Three of the biggest banks in the US reported first-quarter results, with JPMorgan and Citigroup posting respectable numbers.

Weighing most on the index were the iron ore miners, after iron ore tumbled 8.5 per cent overnight.

ASX tumbles on iron ore falls

Plunging iron ore prices and a renewed focus on geopolitical tensions sent the ASX lower on Thursday, erasing the gains made earlier in the week.

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