Economic Worries Send Bank Stocks Falling
June 03, 2013 at 11:52 AM EDT
Financial stocks suffered a smack down Monday, slipping in late morning market action after a surprisingly weak manufacturing report for May hurt confidence of an economic recovery. The Financial Select Sector SPDR Fund (XLF), which tracks financial stocks in the S&P 500, fell 1.2% to $19.60. JP Morgan Chase & Co. (JPM) fell 2.9% to [...]
