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Bank stocks move into the red after inflation data

bank-stocks-move-into-the-red-after-inflation-data

Bank stocks fell with the broad market in early trades on Monday, as Wall Street absorbed the impact of bearish Consumer Price Index data. JPMorgan Chase & Co. JPM, -3.15% fell 2.1%, Goldman Sachs Group Inc. GS, -3.58% dropped 2.2%, Citigroup Inc. C, -2.88% subtracted 2% and Wells Fargo & Co. WFC, -4.55% gave up 3.1%. Bank of America Corp. BAC, -2.92% dropped 2.3% and Morgan Stanley MS, -3.18% fell 2.7%. The S&P 500 SPX, -3.05% dropped by 2.3% and the Dow Jones Industrial Average DJIA, -2.67% fell 1.9%.

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