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Here's Why Affiliated Managers Group Plunged on Monday

TheMotleyFool

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Here's Why Affiliated Managers Group Plunged on MondayPhoto, 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 suffered one of its worst declines in years on Monday, with the Dow Jones Industrial Average and S&P 500 both falling by more than 7%.

The financial sector was particularly hard-hit, with the Financial Select Sector SPDR ETF (NYSEMKT: XLF) falling by nearly 11% in Monday's dramatic market plunge. So it shouldn't be a big surprise that asset management firm Affiliated Managers Group (NYSE: AMG) was in the same boat.

Image source: Getty Images.

Source Fool.com

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