A drop in equities put the S&P 500 on pace to halt a streak of three weeks of gains as US consumer sentiment sank to an over three-year low. AIB and Bank of Ireland also dropped, falling 1.1 per cent and 1.2 per cent to finish the week at €8.22 and €14.75 per share. Heavyweight banks shed value as HSBC and Barclays fell 1.7 per cent and 1.2 per cent. Elevated valuations in tech-related stocks, the US government shutdown and hawkish Federal Reserve commentary all contributing to risk-off sentiment. Shares fell 3.3 per cent, tracking broader market sentiment and weighing down the consumer discretionary sector.
