Bank stocks, which had outperformed in the post-election rally on bets of tax cuts and simpler regulations, took a beating on Monday. Bank of America was down 3.6% and JPMorgan 2%, with the two stocks being the biggest drag on the S&P 500. The S&P 500 financial index was off 2.2%, far underperforming the other eight losers among the major S&P sectors. Utilities and real estate—the defensive plays of the S&P 500 - were the only ones in the black. The S&P 500 index showed six 52-week highs and six lows, while the Nasdaq recorded 11 highs and 33 lows.

Source: Mint March 27, 2017 14:26 UTC