Why Bank Stocks Tanked on Tuesday
Tuesday proved to be a tough start to the week for bank stocks. Following the holiday weekend, stocks across the board were down, with bank stocks in the lead.
The broader market, represented by the S&P 500, lost 0.8%. Meanwhile, the KBW Bank index, which tracks shares of two dozen large-cap bank stocks, fell 2.3%.
The Chase Tower in Phoenix, Arizona. Image source: Getty Images.
Source: Fool.com