Bank and thrift stocks, along with broader markets, closed lower Wednesday, March 14.
Earlier in the day, U.S. Commerce Secretary Wilbur Ross told a Senate committee that the Trump administration remains ready to pull out of the North American Free Trade Agreement unless the renegotiated pact provides more benefits to the U.S. than withdrawal would.
The Dow Jones Industrial Average fell 1.00% to 24,758.12, the S&P 500 declined 0.57% to 2,749.48 and the Nasdaq Composite Index lost 0.19% to 7,496.81.
The nation's largest banks also ended the day in the red, as Bank of America Corp. slid 0.68% to $32.14, Citigroup Inc. decreased 1.92% to $73.47, JPMorgan Chase & Co. lost 1.12% to $114.95 and Wells Fargo & Co. slipped 1.62% to $56.63.
Among notable movers, First Hawaiian Inc. gained 2.17% to $29.25, Signature Bank lost 3.09% to $152.49, Eagle Bancorp Inc. fell 2.52% to $61.85, Western Alliance Bancorp. shrank 3.21% to $60.06 and Sterling Bancorp decreased 2.37% to $24.70.
S&P Dow Jones Indices, S&P Global Market Intelligence and S&P Capital IQ are owned by S&P Global Inc.
Market prices and index values are current as of the time of publication and are subject to change.
- Author
- Kelsey Bartlett
- Theme
- Banking
