"Bank stocks, which outperformed in the post-election rally, were the worst hit. The S&P 500 financial sector sank 2.5 percent, led by losses in Bank of America and JPMorgan Goldman Sachs was the biggest drag among the 25 decliners on the Dow.Both the Dow and the S&P 500 fell below their 50-day moving average for first time since late April. "We're largely through the earnings season, so political uncertainty is probably going to be the largest source of risk in the next three to six months." Coherus shares rose nearly 7 percent to $23.55.Declining issues outnumbered advancers on the NYSE by 2,224 to 665. On the Nasdaq, 2,313 issues fell and 474 advanced.The S&P 500 index showed six new 52-week highs and 17 new lows, while the Nasdaq recorded 21 new highs and 66 new lows.

Source: Economic Times May 17, 2017 13:52 UTC