The S&P 500 fell more than 1.5% on Wednesday, recording biggest daily decline in more than one month following weak economic data.
US economic reports released Wednesday showed retail sales and producer prices dropping higher-than-expected for December.
PNC Financial Services Gr (NYSE:PNC) reported quarterly earnings of $3.49 per share which missed the analyst consensus estimate of $3.95 by 11.65 percent. This is a 5.16 percent decrease over earnings of $3.68 per share
The CNN Money Fear and Greed index showed further improvement in the overall sentiment among US investors.
The Dow Jones index snapped the four-session winning streak as investors weighed the recent earnings results.
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