Wall Street falls on dour economic data, corporate earnings

The Dow Jones Industrial Average fell 445.41 points, or 1.86%, to 23,504.35, the S&P 500 lost 62.7 points, or 2.20%, to 2,783.36 and the Nasdaq Composite  dropped 122.56 points, or 1.44%, to 8,393.18.

NEW YORK: U.S. stocks fell on Wednesday as dismal economic data and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak.

Shares of Bank of America and Citigroup Inc dropped as they joined JPMorgan Chase & Co and Wells Fargo & Co in reporting a slump in first-quarter profits.