Citigroup Hits Bank ETF as Traders Eye 200-Day Average
May 09, 2011 at 16:28 PM EDT
Bank stocks were a lagging sector in Monday’s higher market as weakness in Citigroup (NYSE: C) after a reverse stock split dropped a banking exchange traded fund close to a key test. Citi shares were down more than 2% on Monday. The banking giant is the second-largest holding at over 7% of SPDR KBW...