U.S. banks take a hit as investors fret over Italy and Spain

May 29, 2018 8:06 AM ETMorgan Stanley (MS)XLF, BAC, JPM, GS, C, MS, WFCBy: Liz Kiesche, SA News Editor48 Comments
  • U.S. banks take a hit as investors worry about Italy and Spain's political dramas and what that means for the euro. Financial Select Sector SPDR ETF (NYSEARCA:XLF-1.4% in pre-market trading, sinking further than the broader markets; S&P Futures -0.68% and Dow Futures -0.66.
  • Among some of the ETF's biggest holdings: Morgan Stanley (NYSE:MS-1.4%, Goldman Sachs (NYSE:GS-1.5%, Citigroup (NYSE:C-1.4%, Wells Fargo (NYSE:WFC), -1.7%, Bank of America (NYSE:BAC-1.3%, and JPMorgan (NYSE:JPM) -1.2%.
  • Previously: Periphery panic sparks selling in stocks, rally in Treasurys (May 29)

Recommended For You

Comments (48)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.