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A Bad Day for Bank Stocks Is Killing the Dow
Barron's • • business
Key Points:
- The Dow Jones Industrial Average fell 0.5%, dropping 232 points due to weakness in bank stocks.
- Goldman Sachs and JPMorgan Chase were the largest contributors to the decline, dragging the Dow down by 105 and 75 points respectively.
- Other bank stocks also struggled, with the State Street SPDR S&P Bank ETF heading for its lowest close in over three months.
- The bank ETF is experiencing its longest losing streak since March, reflecting broader challenges in the banking sector.
