Big Banks Hurtle Toward Worst Two-Day Drop Since Pandemic Start
Shares of Wall Street banks are plummeting toward their biggest two-day drop since March 2020, after China escalated its trade war with the US.
Some of the biggest US banks, Morgan Stanley, Goldman Sachs Group Inc. and Citigroup Inc., all fell around 10% intraday after China retaliated against President Donald Trump's tariffs with a 34% levy on US goods. The KBW Bank Index 's losses over Thursday and Friday tallied up to over 15%, putting the gauge on track for the worst two-session plunge since the start of the Covid-19 pandemic.
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Yahoo
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Democrats have a dirty secret - they actually like some of the tax cuts in Trump's ‘big beautiful bill'
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CNBC
29 minutes ago
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Stocks making the biggest moves midday: Warner Bros. Discovery, TopGolf Callaway, EchoStar, Apple & more
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