The MarketReader Minute
🏦 Financials Slide as XLF Drops; JPM & BAC Drag | Financials Sector Insight
(XLF) declined by 0.9% today, underperforming as broader markets reacted to new U.S. tariffs on Japanese and South Korean imports. JPMorgan fell sharply following an HSBC downgrade, while Bank of America slipped after Kuwait’s sovereign fund offloaded a large stake.