Banks Stocks And Financial Stock News & Analysis
The S&P 500 ended Friday down 13.3% for the 12 months and the technology-heavy NASDAQ Composite and small-cap-oriented Russell 2000 are off 21.2% and 17.0%, respectively. Nine of the eleven S&P 500 sectors are in unfavorable territory, with 5 — Communication Services, Consumer Discretionary, Financials, Industrials, Information Technology and Real Estate – down 10% or more. In combination, the selloff has been widespread, leaving traders with few locations to hide.
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