In recent trading, the Philadelphia Banking Index experienced a decline of 1.3%. Major Wall Street banks were notably affected, with Wells Fargo (WFC, Financial) dropping over 2%, while JPMorgan Chase (JPM) and Morgan Stanley (MS) saw declines of up to 1.8%. Other significant banks, including Citigroup (C), Bank of America (BAC), and Goldman Sachs (GS), recorded decreases of up to 0.8%.
Conversely, the Semiconductor ETF surged over 1.5%, marking it as a leading performer. Technology sector ETFs, including network stocks, global technology, and general tech industry ETFs, each recorded gains exceeding 0.9%. However, the Banking ETF fell approximately 2.1%, and the Regional Banking ETF decreased by about 2.3%.
