Financials Lower on Rates Disappointment -- Financials Roundup

Features Dow Jones Newswires

Banks, lenders and other financial companies declined as traders hedged their bets on the likely path of interest rates. The Federal Reserve's plan for three rate increases in 2018 was seen as relatively dovish by many observers. Analysts at brokerage Bank of America Merrill Lynch Global Research said the "equity bull market still has gas in the tank."

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Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 14, 2017 17:59 ET (22:59 GMT)