Stock Market Update
21-Oct-24 11:35 ET
Bank stocks lag broader market
Dow -385.56
at 42890.35,
Nasdaq -84.41
at 18405.14,
S&P -36.08
at 5828.59
[BRIEFING.COM] Stocks continue to build up losses as the session progresses. The Russell 2000 has underperformed its peers thus far, dropping 1.5%.
Weakness in regional bank shares has contributed to the decline in the small cap index. This weakness has also led the SPDR S&P Regional Banking ETF (KRE) to trade 2.3% lower.
Other bank stocks underperform the broader market, weighing down the S&P 500 financial sector (-1.0%) and the SPDR S&P Bank ETF (KBE), which sports a 2.3% loss.
