The MarketReader Minute
🏦 Financials Slide Amid Geopolitical Tensions; JPMorgan, Citi Weigh on XLF | Financials Sector Insight
(XLF) fell 2.3% as financial stocks came under pressure from escalating geopolitical tensions and rising Treasury yields. Trump’s announcement of new tariffs weighed on bank valuations. Declines in JPMorgan Chase, S&P Global, Mastercard, BlackRock, and Citigroup were among the largest drags.