Business
A Bad Day for Bank Stocks Is Killing the Dow
The Dow Jones Industrial Average was trading lower thanks to bank stock weakness.
The blue-chip index dropped 0.5%, or 232 points. Goldman Sachs and JPMorgan Chase were the two biggest stocks weighing on the Dow, contributing 105- and 75-point drags, respectively.
Goldman and JPMorgan stocks weren’t the only bank stocks struggling on Tuesday. In fact, the State Street SPDR S&P Bank ETF was on track for its lowest close in over three months, according to Dow Jones Market Data, amid its longest losing streak since March.
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