Wall Street joins global tumble, S&P 500 down over 1% early

NEW YORK (AP) — Wall Street is opening sharply lower, led by financial stocks, after a report alleged banks were profiting from illicit dealings with disreputable people and criminal networks.  JPMorgan is down 3.3%, Deutsche Bank fell 7.6%. The prospect of tougher restrictions on public life in Europe to limit coronavirus cases is also weighing on stocks, particularly in the travel sector. The S&P 500 is down 1.7% as of 9:35 a.m. Eastern time. European indexes are off by over 3%