Disappointing Earnings Drag on Financial Sector ETFs
This article was originally published on ETFTrends.com.
Financial stocks and sector-related exchange traded funds retreated Monday after Goldman Sachs (NYSE: GS) announced a decline in first-quarter profits and Citigroup (NYSE: C) revealed a worse-than-expected hit to revenue. The Financial Select Sector SPDR (NYSEArca: XLF), the largest financial sector-related ETF on the market, declined 0.5% on Monday. Dragging on the financial sector, Goldman [...]