Nasdaq crashes, Dow Jones, S&P 500 fall even after more stocks jump on Wall Street. Here's why

Wells Fargo helped pull the market lower after falling 4.6 per cent. The San Francisco-based bank reported weaker profit and revenue for the latest quarter than expected, with analysts citing lower trading fees and other miscellaneous items.Bank of America fell 3.8 per cent despite reporting a stronger profit than analysts expected, with some consternation about the size of its upcoming expenses. Citigroup, which is in the midst of a turnaround under Chair and CEO Jane Fraser, fell 3.3 per cent following i ...