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Business News

Wall Street lower as tariff worries weigh

(Reuters) – Losses in shares of technology and industrial companies dragged Wall Street lower on the first trading day of the second half of this year, as risk of an escalating tariff war between Washington and its trading partners continued to weigh on sentiment.

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Trading Ideas

U.S. Banks Weak Again After Worst Reversal in Nearly Three Years

U.S. financials are still nursing their June hangover. The Financial Select Sector SPDR exchange-traded fund fell as much as 0.9 percent in early trading Monday, with JPMorgan, Bank of America, Citigroup, and Goldman Sachs all lower. The drop follows the KBW Bank Index’s dramatic Friday that delivered the biggest intraday reversal — from up as much as 2.1 percent to ending in negative territory — since Aug. 25, 2015. …read more […]