Wallstreet News

Financial stocks drag Wall Street down (AUG 11)

Financial stocks drag Wall Street down (AUG 11)

Financial stocks drag Wall Street down NEW YORK (Reuters) – Stocks slid on Tuesday after a prominent banking analyst warned that the sector’s fundamentals have not yet improved, sparking a sell-off in bank shares. Economic data showing an unexpectedly large fall in wholesalers’ inventories added to the bearish sentiment. The drop in inventories in June, which... »