Banks, lenders and other financial companies retreated amid some concerns over the outlook for credit markets.
Mortgage lender Home Capital Group agreed to sell as much as 1.5 billion Canadian dollars ($1.1 billion) of mortgages to an unidentified buyer as it seeks to shore up capital in the wake of a run on deposits.
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Shares of AmTrust Financial Services fell to their lowest level in more than four years, after the provider of workers' compensation insurance posted earnings short of Wall Street estimates.
A federal appeals court vacated a lower court's ruling that the 2008 federal bailout of American International Group was unlawful, taking a moral victory away from former Chief Executive Maurice R. "Hank" Greenberg, who is seeking to discredit the government's intervention.
-By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
May 09, 2017 17:29 ET (21:29 GMT)