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Wall Street opens lower as Saudi tensions add to concerns

U.S. stocks dropped at open on Monday as rising tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs following the three indexes' biggest weekly declines in over seven months.

Business Video

Bank of America profit beats on lower costs, loan growth

Bank of America Corp reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender benefited from cost cuts, while higher interest rates and loan growth helped offset weaker bond trading revenue.

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