Financial stocks hard hit in selloff

Financial stocks hard hit in selloff
·1 min read

Components of the Financial Select SPDR Fund outpaced other sectors into the red in early trading on Monday as part of a broad market selloff tied to jitters around China property giant Evergrande. Berkshire Hathaway fell 1.6%, JPMorgan Chase dropped 2.5%, Bank of America gave up 2.9%, Wells Fargo dropped 3.1%, Morgan Stanley fell 2.8%, Citigroup retreated by 3.4%, Goldman Sachs dropped 3.1% and BlackRock fell 2.6%. The Financial Select SPDR Fund is off by 2.1%, outpacing the 1.4% drop by the S&

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