MARKET PULSE-Banks, JC Penney, Carnival Corp, Constellation Brands
March 18 (Reuters) - Some U.S. stocks on the move on Monday:
WALL ST SLUMPS AT OPEN ON EUROPEAN CONCERNS
U.S. stocks dropped on Monday at the open as a divisive bailout plan for Cyprus knocked confidence in banks and provided investors a reason to lock in profits from the recent rally.
The Dow Jones industrial average was down 97.11 points, or 0.67 percent. The Standard & Poor's 500 Index was down 12.24 points, or 0.78 percent. The Nasdaq Composite Index was down 34.82 points, or 1.07 percent.
** BANK OF AMERICA CORP, $12.38, down 1.5 pct (0941 ET)
** CITIGROUP INC, $46.14, down 2.2 pct (0941 ET) Continued...