Capstone Holding Corp. lowers convertible note conversion price to $1.00
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* Banks drop ahead of earnings reports this week
* Ford slides on profit warning
* Indexes: Dow down 1.4%, S&P down 1%, Nasdaq up 0.5%
(Updates to close)
By Caroline Valetkevitch
NEW YORK, April 13 (Reuters) - The Dow and S&P 500 fell on
Monday after last week's strong gains, as U.S. companies
prepared to kick off a quarterly earnings season expected to be
rough due to the coronavirus pandemic, while Amazon.com AMZN.O
gains helped the Nasdaq end higher.
The Nasdaq registered its first three-day streak of gains
since Feb. 12.
The S&P banking subsector .SPXBK fell, with JPMorgan Chase
& Co JPM.N and Wells Fargo & Co WFC.N set to report on
Tuesday and analysts expecting a bleak outlook for the year.
Volume was lighter than usual with European and other
markets still closed following Easter Sunday, but investors
"also are facing another phase for the market, and that is the
earnings season," said Quincy Krosby, chief market strategist at
Prudential Financial in Newark, New Jersey.
The Dow Jones Industrial Average .DJI fell 328.6 points,
or 1.39%, to 23,390.77, the S&P 500 .SPX lost 28.19 points, or
1.01%, to 2,761.63 and the Nasdaq Composite .IXIC added 38.85
points, or 0.48%, to 8,192.43.