US STOCKS-Goldman warning on banks drags Wall St lower

Shares of travel services and credit card company American Express (AXP.N) weighed on the Dow, dropping more than 3 percent to $43.05.

On Nasdaq, shares of Adobe Systems (ADBE.O) dropped almost 3 percent to $41.64, a day after the design software maker offered a revenue outlook that disappointed investors.

On the economic front, a government report showed a higher-than-expected reading in overall producer prices in May, but the data also showed that the core Producer Price Index, which excludes volatile food and energy prices, moderated as economists had forecast. [ID:nN17336776]. (Additional reporting by Ellis Mnyandu; Editing by Leslie Adler)