Wall Street snaps the winning streak on Deutsche Bank AG

Wall Street gave up gains of previous sessions in the week as investors turned risk averse over European banks and of Fed officials advocating a Fed hike before the year is out. 

S&P500 extends losses; Deutsche Bank down 7% in Wall Street

Fed's Lacker was even suggesting that November was live and then coupled with the fears over Deutsche Bank AG not being able to withstand a potential $14 billion fine from the U.S. Justice Department, markets hit the panic stations leading to the Dow Jones Industrial Average to close down 195.79 points, or 1.1%, at 18,143.45, while the S&P 500 index  fell 20.24 points, or 0.9%, to close at 2,151.13. The Nasdaq Composite Index finished down 49.39 points, or 0.9%, at 5,269.15, but off the day's lows.