Bank Stocks Were Bruised the Worst in the Sell-Off. Here’s Why.4 Dec 2018—The New York Times
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Financial stocks have just had their worst day since the February sell-off.
Shares of banks in the S&P 500 were down 4.4 percent Tuesday, helping pull the S&P 500 down 3.2 percent. Bank of America, Morgan Stanley, JPMorgan Chase, Wells Fargo and Citigroup were each down more than 4 percent, while Goldman Sachs was off 3.8 percent.
Behind the slide was the fall in...