XLF Takes a JPM Hit
The stock market has plenty of headwinds to deal with already, but it has another one now thanks to news late Thursday of a $2 billion trading loss at JPMorgan (JPM).
Weakness in JPMorgan weighed on the Financial Select Sector SPDR Fund (XLF). JPM is the second highest-weighted holding in the ETF at 8.64%....461 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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