The financial stocks sector is one of the biggest decliners today, leading the markets lower.
News reports in the sector today included upcoming management changes at JPMorgan Chase (NYSE:JPM) and a Goldman Sachs (NYSE:GS) challenge to a Senate report.
The Financial Select Sector SPDR Fund (NYSE:XLF) is trading lower by 1.7%.
Second largest holding in the ETF, Wells Fargo (NYSE:WFC), is trading down 2.8% Monday, while Berkshire Hathaway (BRKa, BRKb), trades down over .8%, Citi trades down over 3.6%, and Bank of America trades down over 2.9%.
The iShares Dow Jones U.S. Financial Services Index Fund (NYSE:IYG) is trading 2%, while the SPDR KBW Bank ETF (NYSE:KBE) trades down over 2.1%.
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