US stocks fall for a fifth day

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Dow Jones Industrial Average

Last Updated at 19 Mar 2018, 19:58 GMT *Chart shows local time Dow Jones intraday chart
value change %
24610.91 -
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Nasdaq Index

7344.24 -

S&P 500 Cash Index - Chicago Mercantile Exchange

2712.92 -

(Close): US stocks closed lower with markets still coming to terms with Swiss National Bank's decision to scrap its exchange rate cap with the euro.

The shock move sent the value of the Swiss franc soaring and sent shares in Europe lower, although stock markets subsequently recovered.

The Dow Jones fell 106.38 points to 17,320.71 while the S&P 500 declined 18.6 points to 1,992.67.

The technology-focused Nasdaq was 68.5 points lower at 4,570.82.

Shares in Bank of America and Citigroup both fell after they reported fourth quarter figures.

Bank of America dropped 5.2% after it said fourth quarter earnings dropped 11% to $3.05bn. Citigroup's results showed legal charges of $3.5bn had cut its net income to $346m, and its shares fell 3.7%.

Blackberry shares dived 20% after Samsung denied reports that it was in talks to buy the company.

Shares in Best Buy dropped 14% after the electronics retailer said same-store sales in the first two quarters of its financial year were set to be unchanged at best.