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Here's Why Wells Fargo Is Plunging on Wednesday

TheMotleyFool

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Here's Why Wells Fargo Is Plunging on WednesdayPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.midjourneyapi.xyz/temp/138548fd-aba2-4b3e-b9ee-93725b372952.png

The stock market was having a moderately weak day on Wednesday, with the Dow Jones Industrial Average and S&P 500 down by 0.4% and 0.2%, respectively, as of 1:40 p.m. EDT, while investors were awaiting the Federal Reserve's latest economic outlook.

Financial stocks are among the worst performing parts of the market, and Wells Fargo (NYSE: WFC) is having a particularly bad day, with shares down by nearly 7% for the day.

Image source: Wells Fargo.

Source Fool.com

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