American International Group
Tue, June 11, 2024 | 12:11PM ET
Financials remain under pressure near-term and following HBAN's decline yesterday, today's decline is widespread, with Financials falling to the lowest since mid-April. Stocks like AXP-3.40% AIG-1.30% PYPL-5.28% C-2.54% BK-3.26% and STT-3.91% are all down more than -2.5%. It will be important to see this sector stabilize for broad-based S&P rally to get underway, as Financials are 12.5% of SPX. near-term, i suspect a retest of April lows could be possible before Financials stabilize
