Citigroup Drags on Underperforming Financial and Bank ETFs
May 02, 2011 at 13:55 PM EDT
A 2% decline in Citigroup (NYSE: C) shares on Monday weighed on a bid by bank and financial exchange traded funds (ETFs) to break above their 50-day moving average and get back on track. Citi is a top holding in sector ETFs such as Financial Select Sector SPDR Fund (NYSEArca: XLF) and SPDR KBW Bank...
